Arkansas Franchise Tax

The Arkansas Tax Reform Act of 2019 transferred the administration and collection of all franchise taxes in the State of Arkansas from the Arkansas Secretary of state (SOS) to the Department of Finance and Administration (FDA).  In agreement with the SOS, the DFA will acquire the Arkansas Franchise Tax Section on January 1, 2021 with the first tax report due May 1, 2021 for all corporations as per the Act.  For more information please visit the DFA website at www.dfa.arkansas.gov/franchisetax.