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Arkansas Tax and Incentives Update

COST Recognizes Arkansas as "Most Improved" in Fariness of Tax Administration

Posted On: Thursday, December 22, 2016

The Council on State Taxation (COST) has declared Arkansas the "most improved" state in its triennial survey of the fairness of states' tax administration systems. The state's grade jumped to B+ from 2013's C-, which had listed Arkansas as one of the worst states.  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


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