Stricken language would be deleted from and underlined language would be added to present law.
*JLL092* 03/21/2025 4:34:11 PM JLL092
State of Arkansas 1
95th General Assembly A Bill 2
Regular Session, 2025 SENATE BILL 558 3
4
By: Senator Crowell 5
By: Representative Hollowell 6
7
For An Act To Be Entitled 8
AN ACT TO AMEND THE LAW CONCERNING INCOME TAX 9
RETURNS; TO REQUIRE THE ELECTRONIC FILING OF CERTAIN 10
CORPORATE INCOME TAX RETURNS; AND FOR OTHER PURPOSES. 11
12
13
Subtitle 14
TO REQUIRE THE ELECTRONIC FILING OF 15
CERTAIN CORPORATE INCOME TAX RETURNS. 16
17
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 18
19
SECTION 1. Arkansas Code § 26 -51-804, concerning corporation income 20
tax returns, is amended to add an additional subsection to read as follows: 21
(f)(1) A taxpayer filing a return under this section that would be 22
required to file the taxpayer's return electronically with the Internal 23
Revenue Service under 26 C.F.R. § 301.6011 -5, as it existed on February 23, 24
2023, shall file the return required under this section electronically. 25
(2) A taxpayer filing a return under this section that is a 26
member of an affiliated group in a federal consolidated return in which the 27
federal parent corporation would be required to file electronically with the 28
Internal Revenue Service under 26 C.F.R. § 301.6011 -5, as it existed on 29
February 23, 2023, shall file the taxpayer's state return electronically 30
under this section. 31
(3) The Secretary of the Department of Finance and 32
Administration may waive the electronic filing requirement under subdivision 33
(f)(1) or subdivision (f)(2) of this section for a taxpayer only if the 34
secretary determines that filing the return electronically would cause an 35
undue hardship on the taxpayer. 36 SB558
2 03/21/2025 4:34:11 PM JLL092
1
SECTION 2. Arkansas Code § 26 -51-805, concerning consolidated 2
corporate income tax returns, is amended to add an additional subsection to 3
read as follows: 4
(h)(1) A taxpayer filing a return under this section that would be 5
required to file the taxpayer's return electronically with the Internal 6
Revenue Service under 26 C.F.R. § 301.6011 -5, as it existed on February 23, 7
2023, shall file the return required under this section electronically. 8
(2) A taxpayer filing a return under this section that is a 9
member of an affiliated group in a federal consolidated return in which the 10
federal parent corporation would be required to file electronically with the 11
Internal Revenue Service under 26 C.F.R. § 301.6011 -5, as it existed on 12
February 23, 2023, shall file the taxpayer's state return electronically 13
under this section whether or not the federal parent corporation is an 14
eligible member of the affiliated group included in the state consolidated 15
return. 16
(3) The secretary may waive the electronic filing requirement 17
under subdivision (h)(1) or subdivision (h)(2) of this section for a taxpayer 18
only if the secretary determines that filing the return electronically would 19
cause an undue hardship on the taxpayer. 20
21
SECTION 3. EFFECTIVE DATE. Sections 1 and 2 of this act are effective 22
for tax years beginning on or after January 1, 2025. 23
24
25
26
27
28
29
30
31
32
33
34
35
36