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AR SB256

Bill

Official Source

Status

Failed

5/5/2025

Primary Sponsor

Jim Dotson

Click for details

Origin

Senate

95th General Assembly (2025 Regular)

AI Summary

  • Reduces the minimum annual corporate franchise tax from $150 to $100 for corporations subject to Arkansas Code § 26-54-104(a)(6)(B)
  • Amends the Arkansas Corporate Franchise Tax Act of 1979
  • Effective for tax years beginning on or after January 1, 2026
  • Sponsored by Senator J. Dotson in the 95th General Assembly Regular Session

Legislative Description

To Amend The Arkansas Corporate Franchise Tax Act Of 1979; And To Reduce The Minimum Franchise Tax For Certain Corporations.

Last Action

Died in Senate Committee at Sine Die adjournment.

5/5/2025

Committee Referrals

Revenue & Taxation2/19/2025

Full Bill Text

No bill text available