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2025R: SB256
TO AMEND THE ARKANSAS CORPORATE FRANCHISE TAX ACT OF 1979; AND TO REDUCE THE MINIMUM FRANCHISE TAX FOR CERTAIN CORPORATIONS.
Latest action: Died in Senate Committee at Sine Die adjournment.
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| Sponsor | Role |
|---|---|
| J. Dotson | lead |
| When | Chamber | Action |
|---|---|---|
| Feb 19, 2025, 9:24 a.m. CT | Senate | Filed |
| Feb 19, 2025, 1:40 p.m. CT | Senate | Read first time, rules suspended, read second time, referred to REVENUE & TAX - SENATE |
| May 5, 2025, 3:59 p.m. CT | Senate | Died in Senate Committee at Sine Die adjournment. |
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Fiscal impact
DFA1 · Mar 3, 2025
Fiscal Impact Statement
Bill: SB256
Bill Subtitle: TO AMEND THE ARKANSAS CORPORATE FRANCHISE TAX ACT OF 1979; AND
TO REDUCE THE MINIMUM FRANCHISE TAX FOR CERTAIN CORPORATIONS.
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Sponsors:
Sen. Dotson
Basic Change:
SB256 reduces the minimum amount of franchise tax due by a corporation from $150 to $100 annually.
A corporation is required to file an annual franchise tax report and remit an annual franchise tax to the
Secretary of State. The minimum franchise tax is currently set at $150. SB256 reduces the minimum
amount of annual franchise tax from $150 to $100.
SB256 is effective for tax years beginning on or after January 1, 2026.
Fiscal Impact:
FY2026 - $12M reduction to the Educational Adequacy Fund
[ Fiscal impact estimated from franchise tax filing data received by the Secretary of State. ]
Taxpayer Impact:
A corporation subject to the Arkansas franchise tax that currently pay the minimum tax of $150 will see
a reduction of $50 in the corporation’s annual tax liability.
Resources Required:
No resources required for the Department of Finance and A
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In the News
News stories that mention SB256, found by bill number and title words and filtered for Arkansas coverage. Checked about every 12 hours for bills people follow.
- Arkansas Senate and House overwhelmingly approve bills to reduce individual and corporate tax rates - The Arkansas Democrat-Gazette
The Arkansas Democrat-Gazette · May 5, 2026
Last checked Nov 12, 2026, 10:24 a.m. CT.
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