What Does Government Transformation Mean for Arkansas Taxpayers?

While Arkansas taxpayers' attention in the 2019 session focused on enactment of tax reform legislation, another major change adopted by the legislature was comprehensive, statewide governmental transformation, in the form of the Transformation and Efficiencies Act of 2019 (Act 910). This is reorganizing the myriad state agencies into 15 cabinet-level agencies, each headed by a secretary. The reorganization was effective July 1, 2019, but—like any merger—the implementation will take months or even years for the complete impact to be felt: One of the selling points of the legislation was that no one would immediately be made redundant, but, over time, it the administration will try to wring out efficiencies through consolidation and shared services. [More]

Summary of 2019 Arkansas Tax Procedure and General Administration Legislation

The following general tax administration changes were made by the General Assembly in 2019. While most of the changes were relatively minor technical adjustments, the consolidation of franchise tax administration and the Assessment Coordination Department into the Department of Finance and Administration will have long-term significance, as will the biennial tax preference reviews beginning 2021-2022 ahead of the 2023 legislative session. [More]