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2025R: HB1500
TO ENHANCE ECONOMIC COMPETITIVENESS BY REPEALING THE THROWBACK RULE.
Latest action: Died in House Committee at Sine Die adjournment.
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| Sponsor | Role |
|---|---|
| Beaty Jr. | lead |
| Gilmore | primary |
| When | Chamber | Action |
|---|---|---|
| Feb 17, 2025, 1:11 p.m. CT | House | Filed |
| Feb 17, 2025, 5:22 p.m. CT | House | Read the first time, rules suspended, read the second time and referred to the Committee on REVENUE & TAXATION- HOUSE |
| May 5, 2025, 10:36 a.m. CT | House | Died in House Committee at Sine Die adjournment. |
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Fiscal impact
DFA1 · Feb 27, 2025
Fiscal Impact Statement
Bill: HB1500
Bill Subtitle: TO ENHANCE ECONOMIC COMPETITIVENESS BY REPEALING THE THROWBACK
RULE.
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Sponsors:
Rep. Beaty and Sen. Gilmore
Basic Change:
Act 485 of 2023 enacted a phase-out the "throwback rule" so that the rule would be completely
eliminated for tax years beginning on or after January 1, 2030. HB1500 accelerates the elimination of
the throwback rule so that the rule would be eliminated for tax years beginning on or after January 1,
2025.
HB1500 repeals the throwback rule by amending §§ 26-5-101 and 26-51-716. Under current law, a
multistate corporation that conducts business in Arkansas must calculate Arkansas income tax through
a formula based on the total sales of the taxpayer in the state. A multistate business is required to
include some of its "unreported" out-of-state sales in its sales in this state. Historically, all sales must
be reported somewhere or else a taxpayer would have untaxed "nowhere" income. "Nowhere" sales
have been recaptured under § 26-51-716.
Under § 26-51-716, for the purposes of calcula
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Last checked Nov 12, 2026, 3:08 p.m. CT.
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