Arkansas legislation · 95th General Assembly (2025 Regular)
Arkansas HB1932: TO AMEND LAWS CONCERNING THE CORPORATE FRANCHISE TAX; TO REPEAL THE ARKANSAS CORPORATE FRANCHISE TAX ACT OF 1979; AND TO REQUIRE AN ANNUAL REPORT FOR CORPORATIONS
Status: Failed, May 5, 2025
What the bill says
An act to be entitled an act to amend laws concerning the corporate franchise tax; to repeal the arkansas corporate franchise tax act of 1979; to require an annual report for corporations; to make conforming changes; and for other purposes. subtitle to amend laws concerning the corporate franchise tax; to repeal the arkansas corporate franchise tax act of 1979; and to require an annual report for corporations.
From the introduced text:
An Act To Be Entitled AN ACT TO AMEND LAWS CONCERNING THE CORPORATE FRANCHISE TAX; TO REPEAL THE ARKANSAS CORPORATE FRANCHISE TAX ACT OF 1979; TO REQUIRE AN ANNUAL REPORT FOR CORPORATIONS; TO MAKE CONFORMING CHANGES; AND FOR OTHER PURPOSES. Subtitle TO AMEND LAWS CONCERNING THE CORPORATE FRANCHISE TAX; TO REPEAL THE ARKANSAS CORPORATE FRANCHISE TAX ACT OF 1979; AND TO REQUIRE AN ANNUAL REPORT FOR CORPORATIONS. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: SECTION 1. Arkansas Code Title 4, Chapter 25, Subchapter 1, is amended to add an additional section to read as follows: 4-25-111. Annual report for corporations -- List of corporations -- Definition. (a)(1) As used in this section, "corporation" means any corporation or limited liability company, domestic or foreign, active or inactive, that is organized in or qualified under the laws of the State of Arkansas and includes without limitation any person or group of persons, association, joint-stock company, business trust, or other organizations with or without charter constituting a separate legal entity of relationship with the purpose of obtaining some corporate privilege or franchise that is not allowed to them as individuals and that is exercising, or attempting to exercise, *JLL322* 03/28/2025 4:07:16 PM JLL322 HB1932 corporate-type acts, whether or not existing by virtue of a particular statute. (2) "Corporation" …
Sponsors
- (R, 8) · primary sponsor