Arkansas Tax Legislation "March Madness": Administrative Changes, an Independent Tax Appeal Tribunal, and More

With March more than halfway over, a surprising amount of tax legislation is still on the agenda for the General Assembly. In addition to the recently-filed major business tax reforms of SB 576, other significant tax bills that have been introduced include: (1) the Tax Reform Task Force administrative reforms (SB 561), an independent Tax Appeals Commission (SB 560), and a low-income tax cut paid for by taxes on cigarettes and e-cigarettes (SB 571). The state government transformation (reorganization) bill (HB 1763) also has implications for taxpayers. And we have not yet seen an Internal Revenue Code conformity bill. Interested stakeholders need to monitor the unpredictable weeks ahead. [More]