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Arkansas Tax and Incentives Update

Will the FLIS Enterprises Case Be a Refund Opportunity for Sales Tax on Withdrawals from Stock?

Posted On: Thursday, June 01, 2017

A case is pending in the Arkansas Court of Appeals with significant implications for restaurants specifically and, potentially, for any manufacturers who make withdrawals from stock for finished goods. Taxpayers should evaluate their current positions and consider potential refund claims. Read More

Arkansas Tax Reform Task Force Gearing Up

Posted On: Monday, May 29, 2017

The Arkansas Tax Reform and Legislative Relief Task Force convened for the first time on May 22. Its membership had been set the prior week based on appointments from House Speaker Jeremy Gillam, Senate President Pro Tempore Jonathan Dismang, and other legislative leaders. Read More

Summary of 2017 Tax and Incentives Legislation

Posted On: Saturday, May 20, 2017

In our prior posts, we have covered the enacted tax and incentives legislation from Arkansas's 2017 legislative session. A print-friendly PDF summary of the legislation is available hereRead More

AirBnB to Collect Hot Springs A&P Lodging Tax

Posted On: Saturday, May 20, 2017

AirBnB has continued in its trend toward lodging tax collection with an agreement to collect the locally-administered Hot Springs hotel tax administered by the Hot Springs Advertising and Promotion Commission, sometimes called an "A&P tax." (A&P taxes on lodging and restaurants are outliers as the only remaining major locally-administered transaction taxes.) This follows on the heels of the state-level agreement earlier this year for AirBnB to collect DFA-administered state and local sales/use tax and tourism tax, and it is part of a broader trend toward tax collection by AirBnB and other sharing economy platform providers. Centralized tax collection at the platform level should increase tax compliance and make it easier for people to offer lodging through the platform. Read More

Summary of 2017 Arkansas Miscellaneous Tax and Unclaimed Property Legislation

Posted On: Tuesday, May 02, 2017

Besides legislation involving the principal Arkansas state and local taxes (sales/use, income, and property), the 2017 legislative session also saw enactment of several bills affecting other miscellaneous Arkansas taxes or unclaimed property rules: Read More

Summary of 2017 Arkansas Tax Procedure Legislation

Posted On: Tuesday, May 02, 2017

The 2017 legislative session saw seemingly minor adjustments to tax procedure, but with significant impacts to affected taxpayers: Read More

Summary of 2017 Arkansas Economic Development Credits and Incentives Legislation

Posted On: Monday, May 01, 2017

Here is a summary of the Arkansas economic development incentives legislation for 2017. Particularly significant is the expansion of local government authority to provide incentives under Acts 533, 685, and 686, after the voters' approval of Amendment 97 in the November 2016 election. Read More

Summary of 2017 Arkansas Property Tax Legislation

Posted On: Wednesday, April 26, 2017

Here is a summary of 2017 Arkansas property tax legislation. The most significant bill is Act 659, a property tax procedure fairness bill supported by the Arkansas State Chamber that should bring significantly more equity to Arkansas property tax disputes.  Read More

Summary of 2017 Arkansas Sales and Use Tax Legislation

Posted On: Wednesday, April 12, 2017

There were relatively limited changes to Arkansas sales and use tax laws in the 2017 legislative session. The big news is Act 465, which phases out the InvestArk sales/use tax credit program while bringing in an exemption for manufacturing partial repairs and replacement parts. While a welcome simplification of the Arkansas tax system, the loss of InvestArk will affect many Arkansas manufacturers. Businesses should consider filing a final InvestArk application by June 30, 2017. Beyond Act 465, the Act 141 expansion of the tax base to include digital products is significant and may affect taxpayers engaged in e-commerce. Read More

Summary of 2017 Arkansas Income Tax Legislation

Posted On: Tuesday, April 11, 2017

With the legislature in recess before returning for sine die in early May, here is a summary of the 2017 income tax legislation. Particularly significant adjustments have been made to passthrough taxation in terms of (1) federal S corporation election conformity, (2) passthrough entity-level apportionment instead of separate allocation, and (3) passthrough withholding on nonresident corporate partners; all are effective January 1, 2018. (If an effective date is not specifically listed, it should be 90 days after adjournment sine die, on or around July 30, 2017.) Read More


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Recent Posts


Will the FLIS Enterprises Case Be a Refund Opportunity for Sales Tax on Withdrawals from Stock? - June 1, 2017

Arkansas Tax Reform Task Force Gearing Up - May 29, 2017

Summary of 2017 Tax and Incentives Legislation - May 20, 2017


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