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 Creates the Independent Tax Appeals Commission

In a landmark development for the Arkansas tax system, Governor Hutchinson has signed Act 586 (HB1468) to establish an independent Arkansas Tax Appeals Commission. The legislation was sponsored by Rep. Joe Jett and Sen. Blake Johnson and also closely supported by Sen. Jonathan Dismang. The Commission will provide a neutral panel of experienced tax professionals to hear and resolve taxpayer disputes with the Department of Finance and Administration (DFA). It will be established by July 2022 and will begin hearing cases in January 2023. [More]