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Arkansas Tax and Incentives Update

Arkansas Tax Reform Task Force Takes on Sales, Use and Excise Taxes

Posted On: Wednesday, November 08, 2017

The Tax Reform Task Force heard from its tax consultant PFM Group on sales tax and excise tax policy during its meetings on November 7 and 8, 2017. The sales tax advice generally followed conventional wisdom on best practices: Broaden the base, avoid taxing business inputs, and scrutinize the justifications for sales tax exemptions on consumption items. The excise tax discussion was a systematic review of the various existing and potential excise taxes. In hearing PFM’s presentations and considering the taxes, legislators were eager to identify revenue sources that could pay for income tax cuts.
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DFA Hearing Calls Party Foul on Restaurant's Tax-Included Drink Pricing

Posted On: Tuesday, August 08, 2017

While Arkansas Department of Finance and Administration generally tolerates retailers not collecting sales tax as a separately stated amount, sellers need to understand the risk of being required to absorb the tax and pay it out-of-pocket instead of treating the sale as tax-included pricing and backing out the tax from the tax base of gross receipts. Hearing nos. 16-209, 16-210, 16-211 (May 8, 2017) illustrates this risk: A restaurant that also sold mixed drinks claimed a tax-included pricing approach, but this was rejected by the Department, likely effectively increasing the tax imposed by 50%. Read More

Summary of 2017 Arkansas Miscellaneous Tax and Unclaimed Property Legislation

Posted On: Tuesday, May 02, 2017

Besides legislation involving the principal Arkansas state and local taxes (sales/use, income, and property), the 2017 legislative session also saw enactment of several bills affecting other miscellaneous Arkansas taxes or unclaimed property rules: Read More


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Recent Posts


Arkansas Tax Reform Task Force Takes on Sales, Use and Excise Taxes - November 8, 2017

Taxpayer Strikes Out Again vs. APSC Tax Division - November 2, 2017

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


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