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Arkansas Tax and Incentives Update

The "Arkansas Two-Step": Arkansas Income Tax for Multistate Passthroughs Before and After HB1562

Posted On: Wednesday, March 22, 2017

House Bill 1562, now Act 482, was a technical change to Arkansas taxation of multistate passthrough enterprises that basically conforms the law to what has been common compliance practice of apportionment at the partnership level. Arkansas law will continue to treat the resulting passthrough Arkansas income as allocable up to the partners.  Read More

DFA Hearing Highlights Proration Tax Trap for Nonresident Individuals with Tax Credits

Posted On: Sunday, December 18, 2016

If there's one thing that it would seem safe to assume, it is that a credit is a dollar-for-dollar reduction in tax liability, right? Not for nonresident individuals filing in Arkansas. A recent Department of Finance and Administration administrative hearing decision, no. 17-113 (Dec. 16, 2016), illustrates the state's problematic proration requirement for tax credits claimed by nonresident individuals. Read More


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Recent Posts


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