Free Webinar: New Arkansas Tax Legislation & What It Means for Your Business

With the legislative session wrapping up, Dover Dixon Horne member Matt Boch and Arkansas Department of Finance Assistant Commissioner Paul Gehring will present a webinar to discuss new Arkansas tax legislation passed by the 93rd General Assembly. The webinar is being provided by the Arkansas State Chamber of Commerce as part of its RechARge Arkansas series. Matt and Paul will cover the new tax laws and with a focus on how they will impact your business. [More]

Arkansas Independent Tax Appeals Commission Legislation Introduced!

HB1468 was filed today to establish an independent Arkansas Tax Appeals Commission that would replace the current internal appeals function at the Department of Finance and Administration, which has been very deferential to DFA audit and legal positions. The bill is sponsored by Rep. Joe Jett and Sen. Blake Johnson. The Arkansas Tax Appeals Commission would be made up of three commissioners, including a Chief Commissioner coming from the private-sector. It promises a streamlined and fairer system for Arkansas taxpayers. [More]

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]

Major Arkansas Tax Reform Bill Introduced: Remote Seller Collection, Apportionment, and NOLs

A major tax bill was introduced today that, if enacted, will make the Arkansas tax system fairer and much more competitive. Senate Bill 576 (SB 576) includes: (1) sales tax collection by remote sellers and marketplace facilitators; (2) single sales factor apportionment and repeal of the throwback rule; (3) extension of the net operating loss (NOL) carryforward limit from 5 years to 20 years; and (4) substitution of a car wash water use fee for the current sales tax on car washes. These reforms are a culmination of the two-year Tax Reform and Relief Legislative Task Force process and would create a much more favorable tax climate for many Arkansas businesses --particularly manufacturers, retailers, wholesalers, and banks. Interested taxpayers need to get involved to support the bill as it enters into a hurried final weeks of the legislative session. [More]