Tax Reform Task Force Names Income Tax Proposals for Further Study

The Arkansas Tax Reform and Relief Legislative Task Force convened today. The main purpose was to make income tax proposals for further study. The Task Force also heard from the Department of Finance and Administration about certain questions posed at the prior meeting, including significant clarifications and revenue estimates on income tax policy proposals. Next steps for the Task Force process as it heads toward sales tax recommendations were also discussed. [More]

Tax Reform Task Force Studies Income Tax Reforms; Members to Make Proposals on May 10

On April 26, 2018, the Arkansas Tax Reform and Relief Legislative Task Force shifted focus from Sales and Use Taxes to Individual and Corporate Income Tax Reform. The Task Force heard testimony on income tax policy from several groups, notably including a northwest Arkansas manufacturer. The Task Force will have an interim meeting May 10 for members to make income tax policy proposals, which then will be considered at the meeting on May 23. [More]

Legislative Task Force Pares List of Sales/Use Tax Reform Proposals from 43 to 7

Arkansas’ Tax Reform and Relief Legislative Task Force met on April 25 and 26 to review 43 possible changes to state sales and use tax laws. After several months of preliminaries and presentations, this meeting was the first opportunity Task Force members have had to begin seriously identifying and refining recommendations for the Task Force Report due to the Governor on September 1. The meeting saw only 7 proposals retained for further study, among which the proposed elimination of the partial grocery tax exemption would have by far the biggest impact. [More]

Arkansas Supreme Court Says That Erroneous Assessment Property Tax Appeal Can Proceed

The Arkansas Supreme Court recently issued a pro-taxpayer decision recognizing an erroneous assessment property tax refund claim as a distinct action from a valuation dispute. DeSoto Gathering Company, LLC v. Hill ("DeSoto II"), 2018 Ark. 103 (Mar. 29, 2018). While not an earth-shaking decision, it is heartening to see the Arkansas Supreme Court recognize that an erroneous assessment claim is a viable independent action. [More]