Stricken language would be deleted from and underlined language would be added to present law.
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State of Arkansas 1
95th General Assembly A Bill 2
Regular Session, 2025 SENATE BILL 386 3
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By: Senator Crowell 5
By: Representative Cavenaugh 6
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For An Act To Be Entitled 8
AN ACT TO AMEND THE LAW CONCERNING CERTAIN REPORTS OF 9
THE SECRETARY OF THE DEPARTMENT OF FINANCE AND 10
ADMINISTRATION; TO REPEAL THE LAW REQUIRING THE 11
SECRETARY OF THE DEPARTMENT OF FINANCE AND 12
ADMINISTRATION TO SUBMIT A REPORT CONCERNING CHANGES 13
MADE IN FEDERAL INCOME TAX LAWS AND REGULATIONS; AND 14
FOR OTHER PURPOSES. 15
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Subtitle 18
TO REPEAL THE LAW REQUIRING THE 19
SECRETARY OF THE DEPARTMENT OF FINANCE 20
AND ADMINISTRATION TO SUBMIT A REPORT 21
CONCERNING CHANGES MADE IN FEDERAL 22
INCOME TAX LAWS AND REGULATIONS. 23
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BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 25
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SECTION 1. Arkansas Code § 10 -3-220 is amended to read as follows: 27
10-3-220. Monitoring of changes made in federal income tax laws and 28
regulations — Reports of secretary . 29
(a) The Secretary of the Department of Finance and Administration 30
shall monitor changes made in federal income tax laws and regulations for the 31
purpose of determining how the changes may affect Arkansas income tax law and 32
for the purpose of determining how the changes differ from provisions adopted 33
for Arkansas income tax purposes. 34
(b) The secretary shall report his or her findings annually to the 35
House Committee on Revenue and Taxation and the Senate Committee on Revenue 36 SB386
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and Taxation and may make such other reports to the House Committee on 1
Revenue and Taxation and the Senate Committee on Revenue and Taxation as he 2
or she deems necessary. 3
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