Bill > SB386

This bill repeals the requirement for the Secretary of the Department of Finance and Administration to submit an annual report to legislative committees about changes in federal income tax laws and regulations. Currently, the law mandates that the secretary monitor federal tax law changes to understand their potential impact on Arkansas income tax law and report these findings annually to the House Committee on Revenue and Taxation and the Senate Committee on Revenue and Taxation. The bill removes the reporting obligation while maintaining the secretary's responsibility to monitor federal tax law changes. By eliminating the mandatory reporting requirement, the bill reduces administrative bureaucracy and allows the secretary to continue tracking federal tax law modifications without the need to produce a formal annual report to legislative committees.

Budget and Finance

https://arkleg.state.ar.us/Bills/Detail?id=sb386&ddBienniumSession=2025%2F2025R