Arkansas Franchise Tax Deadline Extended to July 15, 2021

Secretary of State John Thurston announced on April 16 that late fees and interest charges on businesses’ annual franchise taxes will once again be waived until July 15. The filing deadline is typically May 1, and companies filing late typically would be charged interest and penalties. But penalties and interest will now be waived for those who file between May 2 and July 15, 2021. [More]

Arkansas COVID-19 Tax Extensions - Individuals & Passthroughs Delayed; Corporations Not (Except for Franchise Tax)

So far Arkansas is taking a limited approach to tax deadline extensions compared with other states, with the relief focused on individuals and small businesses:
- 2019 individual, passthrough, and fiduciary/estate income tax returns and payments extended to July 15.
- 2019 corporate income tax returns not extended.
- 2020 income tax estimated payments not extended (including estimated payments for individuals).
- Sales tax or excise tax reporting and payment deadlines not extended.
- Franchise tax late payment penalties and interest waived if filed and paid by July 15.
- Property tax payment deadline of October 15 and personal property rendition due May 31 have not been extended. [More]