| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | Stricken language would be deleted from and underlined language would be added to present law. | |
| 2 | 2 | *CEB162* 02/19/2025 8:46:32 AM CEB162 | |
| 3 | 3 | State of Arkansas 1 | |
| 4 | 4 | 95th General Assembly A Bill 2 | |
| 5 | 5 | Regular Session, 2025 SENATE BILL 256 3 | |
| 6 | 6 | 4 | |
| 7 | 7 | By: Senator J. Dotson 5 | |
| 8 | 8 | 6 | |
| 9 | 9 | 7 | |
| 10 | 10 | For An Act To Be Entitled 8 | |
| 11 | 11 | AN ACT TO AMEND THE ARKANSAS CORPORATE FRANCHISE TAX 9 | |
| 12 | 12 | ACT OF 1979; TO REDUCE THE MINIMUM FRANCHISE TAX FOR 10 | |
| 13 | 13 | CERTAIN CORPORATIONS; AND FOR OTHER PURPOSES. 11 | |
| 14 | 14 | 12 | |
| 15 | 15 | 13 | |
| 16 | 16 | Subtitle 14 | |
| 17 | 17 | TO AMEND THE ARKANSAS CORPORATE 15 | |
| 18 | 18 | FRANCHISE TAX ACT OF 1979; AND TO REDUCE 16 | |
| 19 | 19 | THE MINIMUM FRANCHISE TAX FOR CERTAIN 17 | |
| 20 | 20 | CORPORATIONS. 18 | |
| 21 | 21 | 19 | |
| 22 | 22 | BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 20 | |
| 23 | 23 | 21 | |
| 24 | 24 | SECTION 1. Arkansas Code ยง 26 -54-104(a)(6)(B), concerning the annual 22 | |
| 25 | 25 | franchise tax for certain corporations, is amended to read as follows: 23 | |
| 26 | 26 | (B) No corporation shall pay an annual tax of less than 24 | |
| 27 | 27 | one hundred fifty dollars ($150) one hundred dollars ($100) ; 25 | |
| 28 | 28 | 26 | |
| 29 | 29 | SECTION 2. EFFECTIVE DATE. Section 1 of this act is effective for tax 27 | |
| 30 | 30 | years beginning on or after January 1, 2026. 28 | |
| 31 | 31 | 29 | |
| 32 | 32 | 30 | |
| 33 | 33 | 31 | |
| 34 | 34 | 32 | |
| 35 | 35 | 33 | |
| 36 | 36 | 34 | |
| 37 | 37 | 35 | |
| 38 | 38 | 36 |