(501) 375-9151 425 West Capitol Suite 3700 Little Rock, AR 72201

Arkansas Tax and Incentives Update

Businesses Need to Carefully Consider NAICS Classifications

Posted On: Thursday, March 10, 2016

Arkansas, like many other states, bootstraps NAICS industrial classification codes for use in tax and incentive classifications. Having the right NAICS code is a threshold for Arkansas incentives eligibility. It also is used in determining eligibility for the low rate of tax on electricity purchases by manufacturers. Businesses need to carefully think through the NAICS code(s) they use, particularly when operating under novel business models.  Read More

Arkansas Tax Traps & Found Money Seminars June 9, 16 & 21 in Bentonville, Ft. Smith & Jonesboro

Posted On: Saturday, March 05, 2016

Working with local chambers of commerce, the Arkansas State Chamber of Commerce / Associated Industries of Arkansas (ASCC/AIA) and Dover Dixon Horne are sponsoring three half-day seminars in June 2016 in Northwest Arkansas, the River Valley region, and Northeast Arkansas. The programs will highlight often-overlooked traps and opportunities in Arkansas taxes and incentives. The DDH tax team of Mike Parker, Matt Boch, and T.J. Lawhon will present the seminars. Read More

Ice Cold: DFA Tells Manufacturer That It Is Not Engaged in "Actual Manufacturing"

Posted On: Monday, February 29, 2016

The Arkansas Department of Finance and Administration has published a ruling that narrowly interpreted eligibility for the reduced rate of tax on sales of electricity for use by a manufacturer in the actual manufacturing process.  Opinion no. 20151008 (Feb. 9, 2016).   Read More

Arkansas Supreme Court Gives University of Arkansas Sovereign Immunity from Local Property Taxes

Posted On: Thursday, February 18, 2016

The Arkansas Supreme Court dramatically broadened state government's immunity from ad valorem property tax by applying the doctrine of sovereign immunity in Washington County v. Board of Trustees of the University of Arkansas, 2016 Ark. 34 (Feb. 4, 2016). The decision marks a departure from a prior case where state-owned property could be subjected to tax.
 Read More

Chim Chim Cheroo! DFA Interprets "Cleaning Service" Narrowly

Posted On: Thursday, February 04, 2016

Burt from Mary Poppins would leap with joy: The Department of Finance and Administration, in Opinion No. 20160105, has advised that chimney cleaning services are not taxable.  The ruling is a reminder that while the state does tax "cleaning services," not every cleaning service is taxable. Read More

Repeal of InvestArk Credits Would Reduce Arkansas Manufacturing Competitiveness

Posted On: Friday, January 29, 2016

The repeal of the InvestArk sales tax credit program is under consideration as a revenue raiser to help pay for Arkansas highways.  This program, which provides a sales tax credit for major upgrades of manufacturing equipment and other investments, is critical to the state's competitiveness in retaining manufacturing jobs.  Potentially affected companies need to contact their representatives.  For a detailed explanation, please see our Arkansas Tax Update bulletin authored by Mike Parker.  Read More

You Don't Need a Megaproject: Southworth Products Expansion in Manila Yields Incentive Benefits

Posted On: Sunday, January 10, 2016

Earlier this week, the Arkansas Economic Development Commission announced an expansion by the Southworth Products Corporation at its facility in manila (Mississippi County).  The company is creating 35 new jobs and investing $935,000.  Its incentive package consisted of Cash Back sales tax incentives, Advantage Arkansas job creation incentives, and state and local community development block grants of $350,000 each. (See Arkansas Business coverage.) Read More

DFA Legal Opinion and Hearing Decision Databases Online

Posted On: Monday, January 04, 2016

As required by tax fairness legislation enacted last year (Act 896 of the 2015 Regular Session), the Arkansas Department of Finance and Administration has established online databases to publish its legal opinions and hearing decisions.  Legal opinions from Revenue Legal Counsel are at available at https://www.ark.org/dfa-act896/index.php/search/opinion/; hearing officer decisions or revisions are available at https://www.ark.org/dfa-act896/index.php/search/decision/.  The opinions and decisions are redacted to protect taxpayer confidentiality.  Read More

DFA Opinion Takes Narrow Reading of Arkansas Sales Tax Charitable Exemption

Posted On: Monday, January 04, 2016

One of the tax pitfalls for nonprofits is assuming that federal 501(c)(3) status means that the nonprofit is also eligible for other charitable tax exemptions. The DFA's first published opinion, No. 20140807 (Dec. 18, 2015), takes such a narrow reading of the Arkansas sales tax charitable exemption, denying the taxpayer the benefit of the exemption and exposing it to potential liability for failing to collect and pay sales tax. Read More

Welcome to the Arkansas Tax and Incentives Update

Posted On: Friday, January 01, 2016

Dover Dixon Horne is proud to announce its first blog, the Arkansas Tax and Incentives Update. Leveraging the firm's leadership in the area of Arkansas state and local taxes, this blog will provide Arkansas businesses, taxpayers, and tax professionals with the news and insights needed to stay abreast of developments in the world of Arkansas taxes and incentives. We will cover all forms of Arkansas taxes--income, sales and use, property, and other miscellaneous taxes--as well as state and local economic development incentives. Read More


Go Back

Subscribe


Click here to subscribe

Recent Posts


Call the Movers: DFA ALJs Will Be Reassigned and Relocated for Increased Independence - October 13, 2017

Tax Reform Task Force Hears from PFM for the First Time - October 3, 2017

Property Tax Reform? Committee on Economic and Tax Policy Hears Testimony - September 22, 2017


Tag Cloud



Tag List