TO AMEND THE ARKANSAS CORPORATE FRANCHISE TAX ACT OF 1979; AND TO REDUCE THE MINIMUM FRANCHISE TAX FOR CERTAIN CORPORATIONS.

SB 256 proposed to amend the Arkansas Corporate Franchise Tax Act of 1979. This bill aimed to reduce the minimum annual franchise tax paid by certain corporations operating in Arkansas. It would have lowered the minimum tax from one hundred fifty dollars ($150) to one hundred dollars ($100). If it had passed, these changes would have applied to tax years beginning on or after January 1, 2026.