Order
2025R: SB558
TO REQUIRE THE ELECTRONIC FILING OF CERTAIN CORPORATE INCOME TAX RETURNS.
Latest action: Died in Senate Committee at Sine Die adjournment.
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| Sponsor | Role |
|---|---|
| Crowell | lead |
| Hollowell | primary |
| When | Chamber | Action |
|---|---|---|
| Mar 24, 2025, 9:17 a.m. CT | Senate | Filed |
| Mar 31, 2025, 2:00 p.m. CT | Senate | Read first time, rules suspended, read second time, referred to REVENUE & TAX - SENATE |
| May 5, 2025, 4:04 p.m. CT | Senate | Died in Senate Committee at Sine Die adjournment. |
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Fiscal impact
DFA1 · Apr 1, 2025
Fiscal Impact Statement
Bill: SB558
Bill Subtitle: TO REQUIRE THE ELECTRONIC FILING OF CERTAIN CORPORATE INCOME TAX
RETURNS.
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Sponsors:
Sen. Crowell and Rep. Hollowell
Basic Change:
SB558 requires a corporation to electronically file its corporation income tax return with the Department
of Finance and Administration (DFA) if the corporation or affiliated corporation is required to file its
corporation income tax return electronically with the Internal Revenue Service (IRS). A taxpayer that is
a member of an affiliated group in a federal consolidated return is required to file electronically if the
parent corporation is required to file electronically with the IRS.
SB558 allows the Secretary of DFA to waive the electronic filing requirement if he or she determines
filing electronically would cause the business undue hardship.
SB558 is effective for tax years beginning on or after January 1, 2025.
Fiscal Impact:
None.
Taxpayer Impact:
A corporation required to file electronically with the IRS under 26 C.F.R. § 301.6011-5 or those in
affiliated groups
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In the News
News stories that mention SB558, found by bill number and title words and filtered for Arkansas coverage. Checked about every 12 hours for bills people follow.
- Corporate income tax collections leads to sharp revenue increase for Arkansas, report shows - The Arkansas Democrat-Gazette
The Arkansas Democrat-Gazette · Oct 2, 2026 - Arkansas Legislature convenes special session to cut individual and corporate income tax rates - The Arkansas Democrat-Gazette
The Arkansas Democrat-Gazette · May 4, 2026 - Sanders calls for special session over proposed corporate, income tax cuts - The Arkansas Democrat-Gazette
The Arkansas Democrat-Gazette · May 1, 2026 - Sanders says special session’s focus will be personal income tax cuts, but cuts for corporations are possible - The Arkansas Democrat-Gazette
The Arkansas Democrat-Gazette · Apr 9, 2026
Last checked Nov 12, 2026, 8:17 p.m. CT.
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