Stricken language would be deleted from and underlined language would be added to present law.
*JLL316* 03/18/2025 1:18:00 PM JLL316
State of Arkansas 1
95th General Assembly A Bill 2
Regular Session, 2025 SENATE BILL 502 3
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By: Senator Crowell 5
By: Representative Eaton 6
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For An Act To Be Entitled 8
AN ACT TO AMEND THE ARKANSAS INCOME TAX WITHHOLDING 9
ACT OF 1965; TO REQUIRE THE ELECTRONIC FILING OF A 10
FORM 1099 IN CERTAIN CIRCUMSTANCES; AND FOR OTHER 11
PURPOSES. 12
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Subtitle 15
TO AMEND THE ARKANSAS INCOME TAX 16
WITHHOLDING ACT OF 1965; AND TO REQUIRE 17
THE ELECTRONIC FILING OF A FORM 1099 IN 18
CERTAIN CIRCUMSTANCES. 19
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BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 21
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SECTION 1. Arkansas Code Title 26, Chapter 51, Subchapter 9, is 23
amended to add an additional section to read as follows: 24
26-51-921. Filing of form 1099. 25
(a) A taxpayer that is subject to the withholding requirements of this 26
subchapter shall file with the Secretary of the Department of Finance and 27
Administration each Internal Revenue Service form 1099 on which the taxpayer 28
is the payer. 29
(b) A form 1099 required to be filed under subsection (a) of this 30
section shall be filed with the secretary: 31
(1) On or before January 31 following the close of the income 32
year in which the form 1099 was issued; and 33
(2) Electronically, if the payer of the form 1099 files with the 34
secretary at least one thousand (1,000) form 1099s during the payer's income 35
year. 36 SB502
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SECTION 2. EFFECTIVE DATE. Section 1 of this act is effective for tax 2
years beginning on or after January 1, 2026. 3
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