Arkansas SB502: TO AMEND THE ARKANSAS INCOME TAX WITHHOLDING ACT OF 1965; AND TO REQUIRE THE ELECTRONIC FILING OF A FORM 1099 IN CERTAIN CIRCUMSTANCES

What the bill says

An act to be entitled an act to amend the arkansas income tax withholding act of 1965; to require the electronic filing of a form 1099 in certain circumstances; and for other purposes. subtitle to amend the arkansas income tax withholding act of 1965; and to require the electronic filing of a form 1099 in certain circumstances.

From the introduced text:

An Act To Be Entitled AN ACT TO AMEND THE ARKANSAS INCOME TAX WITHHOLDING ACT OF 1965; TO REQUIRE THE ELECTRONIC FILING OF A FORM 1099 IN CERTAIN CIRCUMSTANCES; AND FOR OTHER PURPOSES. Subtitle TO AMEND THE ARKANSAS INCOME TAX WITHHOLDING ACT OF 1965; AND TO REQUIRE THE ELECTRONIC FILING OF A FORM 1099 IN CERTAIN CIRCUMSTANCES. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: SECTION 1. Arkansas Code Title 26, Chapter 51, Subchapter 9, is amended to add an additional section to read as follows: 26-51-921. Filing of form 1099. (a) A taxpayer that is subject to the withholding requirements of this subchapter shall file with the Secretary of the Department of Finance and Administration each Internal Revenue Service form 1099 on which the taxpayer is the payer. (b) A form 1099 required to be filed under subsection (a) of this section shall be filed with the secretary: (1) On or before January 31 following the close of the income year in which the form 1099 was issued; and (2) Electronically, if the payer of the form 1099 files with the secretary at least one thousand (1,000) form 1099s during the payer's income year. *JLL316* 03/18/2025 1:18:00 PM JLL316 SB502 SECTION 2. EFFECTIVE DATE. Section 1 of this act is effective for tax years beginning …

Read the full official text

Sponsors

• Steve Crowell (R, 3) · primary sponsor
• James Eaton (R, 26)

Latest actions

1. May 5, 2025: Died in Senate Committee at Sine Die adjournment.
2. March 18, 2025: Read first time, rules suspended, read second time, referred to REVENUE & TAX - SENATE
3. March 18, 2025: Filed

Common questions

What is SB502?

SB502 is a bill in the Arkansas Legislature (95th General Assembly (2025 Regular)): TO AMEND THE ARKANSAS INCOME TAX WITHHOLDING ACT OF 1965; AND TO REQUIRE THE ELECTRONIC FILING OF A FORM 1099 IN CERTAIN CIRCUMSTANCES.

What does SB502 do?

In its own words: An act to be entitled an act to amend the arkansas income tax withholding act of 1965; to require the electronic filing of a form 1099 in certain circumstances; and for other purposes. subtitle to amend the arkansas income tax withholding act of 1965; and to require the electronic filing of a form 1099 in certain circumstances.

What is the status of SB502?

Failed as of May 5, 2025. Latest action: Died in Senate Committee at Sine Die adjournment. (May 5, 2025).

Who sponsored SB502?

Steve Crowell (R, 3), with 1 co-sponsor.

Where is the official record for SB502?

On the Arkansas Legislature website: https://www.arkleg.state.ar.us/Bills/Detail?ddBienniumSession=2025%2F2025R&measureno=SB502