Repeals the corporation franchise tax and removes eligibility of certain tax credits to be claimed against corporation franchise tax (OR -$324,000,000 GF RV See Note)
Provides for the suspension of the corporation franchise tax and initial corporation franchise tax for small business corporations. (Item #16) (gov sig) (EN -$7,500,000 GF RV See Note)
Suspends the corporation franchise tax levied on certain taxable capital and suspends the initial corporation franchise tax levied on certain entities (Item #16) (EG -$10,200,000 GF RV See Note)
To Amend Laws Concerning The Corporate Franchise Tax; To Repeal The Arkansas Corporate Franchise Tax Act Of 1979; And To Require An Annual Report For Corporations.
Adds federal and state military installations and facilities to the locations over which the use of an unmanned aircraft system is prohibited. (8/1/25)
Further providing for title of act; in preliminary provisions, further providing for definitions; and, in vehicles, further providing for license to engage in business, for reimbursement for all parts and service required by the manufacturer or distributor and reimbursement audits, for unlawful acts by manufacturers or distributors and for manufacturer or distributor repurchase of inventory and equipment and providing for consumer data protection.