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.
The extension is similar to last year, when the deadline was extended to deal with the ongoing pandemic. This year, the Arkansas franchise tax deadline extension is due to the rescinded transfer of franchise tax administration to the Department of Finance and Administration.
Arkansas franchise taxes can be filed online at www.ark.org/sos/franchise/index.php.