AR HB1703

Casinos operating under Arkansas Constitution Amendment 100 must file electronic reports with the Secretary of the Department of Finance and Administration on or before January 31 of each year containing the same information required for federal gambling winnings reports under 26 U.S.C. § 6041

Casinos must withhold Arkansas income tax on gambling winnings payments that are subject to federal withholding or backup withholding under 26 U.S.C. § 3402 or § 3406

Withholding tax rate is 5.9% or the highest individual income tax rate under Arkansas Code § 26-51-201, whichever is less

Withheld amounts must be remitted electronically to the Secretary on or before the 15th day of the month following the gambling winnings payment

The Secretary must provide electronic methods for casinos to file reports and remit withheld taxes