Mission Accomplished: Arkansas Adopts Major Tax Reforms Recommended by Task Force

Last Tuesday, April 9, saw Governor Hutchinson's signing ceremony for a pair of bills comprising many of the Tax Reform and Relief Legislative Task Force's recommended reforms: Act 822 (SB576) requires remote seller collection and provides three major business income tax reforms. Act 819 (SB561) adopts several administrative reforms. Coupled with the individual tax cuts of Act 182 enacted earlier this year, this session has paid off with a comprehensive set of reforms that make significant improvements while fitting sustainably within the state's fiscal and political constraints. [More]