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AR SB502

Bill

Official Source

Status

Failed

5/5/2025

Primary Sponsor

Steve Crowell

Click for details

Origin

Senate

95th General Assembly (2025 Regular)

AI Summary

  • Taxpayers subject to Arkansas income tax withholding requirements must file copies of all IRS Form 1099s with the Secretary of the Department of Finance and Administration

  • Form 1099s must be filed by January 31 following the close of the income year in which they were issued

  • Electronic filing is mandatory for payers who file at least 1,000 Form 1099s during their income year

  • Effective for tax years beginning on or after January 1, 2026

Legislative Description

To Amend The Arkansas Income Tax Withholding Act Of 1965; And To Require The Electronic Filing Of A Form 1099 In Certain Circumstances.

Last Action

Died in Senate Committee at Sine Die adjournment.

5/5/2025

Committee Referrals

Revenue & Taxation3/18/2025

Full Bill Text

No bill text available