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AR HB1407

Bill

Official Source

Status

Passed

3/15/2021

Primary Sponsor

Robin Lundstrum

Click for details

Origin

House of Representatives

93rd General Assembly (2021 Regular)

AI Summary

  • Amends Arkansas Code § 11-10-706(b) to add a new subdivision (7) governing stabilization tax calculation for the 2022 rate year (January 1 - December 31, 2022)
  • Sets the stabilization tax as the lesser of: the amount calculated under existing subdivisions (b)(1)-(6), or 0.2% (two-tenths of one percent)
  • Applies only to the 2022 rate year under the Division of Workforce Services Law
  • Approved March 15, 2021

Legislative Description

To Modify The Method Of Calculation Of The Stabilization Tax In Certain Circumstances Under The Division Of Workforce Services Law.

Last Action

Notification that HB1407 is now Act 369

3/15/2021

Committee Referrals

Public Health, Welfare And Labor3/3/2021
Public Health, Welfare and Labor2/3/2021

Full Bill Text

No bill text available