Arkansas legislation · 95th General Assembly (2025 Regular)
Arkansas HB1750: TO REPEAL THE ARKANSAS CORPORATE FRANCHISE TAX ACT OF 1979; AND TO MAKE CONFORMING CHANGES
Status: Failed, May 5, 2025
What the bill says
An act to be entitled an act to amend the law concerning the corporate franchise tax; to repeal the arkansas corporate franchise tax act of 1979; to make conforming changes; and for other purposes. subtitle to repeal the arkansas corporate franchise tax act of 1979; and to make conforming changes.
From the introduced text:
An Act To Be Entitled AN ACT TO AMEND THE LAW CONCERNING THE CORPORATE FRANCHISE TAX; TO REPEAL THE ARKANSAS CORPORATE FRANCHISE TAX ACT OF 1979; TO MAKE CONFORMING CHANGES; AND FOR OTHER PURPOSES. Subtitle TO REPEAL THE ARKANSAS CORPORATE FRANCHISE TAX ACT OF 1979; AND TO MAKE CONFORMING CHANGES. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: SECTION 1. DO NOT CODIFY. Legislative findings. The General Assembly finds that: (1) The corporate franchise tax is a form of corporate taxation on capital stock rather than revenue or profit and is levied regardless of whether a business makes a profit, which makes the corporate franchise tax burdensome on new businesses, low-profit- As Engrossed: H3/17/25 HB1750 SECTION 3. Arkansas Code § 4-27-1601(e)(7), concerning corporate records, is repealed. (7) its most recent annual franchise tax report delivered to the Secretary of State under § 4-27-1622. SECTION 4. Arkansas Code § 4-27-1622 is repealed. 4-27-1622. Annual franchise tax report for Secretary of State. (a) Each domestic corporation, and each foreign corporation authorized to transact business in this state, shall deliver to the Secretary of State for filing an annual franchise tax report that sets (2) the jurisdiction under which the corporation is incorporated; (3) the information required by § 4-20-105(a); (4) the address of its principal office, as defined …
Sponsors
- Frances Cavenaugh (R, 30) · primary sponsor
- Steve Crowell (R, 3)
Latest actions
- : Died in House Committee at Sine Die adjournment.
- : REPORTED CORRECTLY ENGROSSED
- : Amendment No. 1 read and adopted and the bill ordered engrossed.
- : Placed on second reading for the purpose of amendment.
- : Read the first time, rules suspended, read the second time and referred to the Committee on REVENUE & TAXATION- HOUSE
- : Filed
Common questions
- What is HB1750?
- HB1750 is a bill in the Arkansas Legislature (95th General Assembly (2025 Regular)): TO REPEAL THE ARKANSAS CORPORATE FRANCHISE TAX ACT OF 1979; AND TO MAKE CONFORMING CHANGES.
- What does HB1750 do?
- In its own words: An act to be entitled an act to amend the law concerning the corporate franchise tax; to repeal the arkansas corporate franchise tax act of 1979; to make conforming changes; and for other purposes. subtitle to repeal the arkansas corporate franchise tax act of 1979; and to make conforming changes.
- What is the status of HB1750?
- Failed as of May 5, 2025. Latest action: Died in House Committee at Sine Die adjournment. (May 5, 2025).
- Who sponsored HB1750?
- Frances Cavenaugh (R, 30), with 1 co-sponsor.
- Where is the official record for HB1750?
- On the Arkansas Legislature website: https://www.arkleg.state.ar.us/Bills/Detail?ddBienniumSession=2025%2F2025R&measureno=HB1750
Source: official Arkansas record. Tracked by Delilah, AI for legislation across all 50 states and Congress.