Tax Reform and Relief Task Force Tries to Prioritize But Hits a Snag

The Tax Reform and Relief Task Force met on Wednesday, June 26, and two days of scheduled meetings were reduced to a short two-hour morning session. Mid-way through the Agenda the co-chairs announced that the Department of Finance and Administration had discovered a major error in the projected cost of income tax reforms that is sure to have an impact on Task Force recommendations. [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]