Bill Summary – FastDemocracy

Stricken language would be deleted from and underlined language would be added to present law.
 1   State of Arkansas                     As Engrossed:      H3/2/21
 2   93rd General Assembly                        A Bill
 3   Regular Session, 2021                                                             HOUSE BILL 1050
 4
 5   By: Representative Jett
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 7                                     For An Act To Be Entitled
 8                   AN ACT TO AMEND THE ARKANSAS INCOME TAX WITHHOLDING
 9                   ACT OF 1965 TO REDUCE THE NUMBER OF EMPLOYEES
10                   REQUIRED TO MANDATE THE ELECTRONIC FILING OF ANNUAL
11                   WITHHOLDING STATEMENTS; AND FOR OTHER PURPOSES.
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14                                                 Subtitle
15                             TO REDUCE THE NUMBER OF EMPLOYEES
16                             REQUIRED TO MANDATE THE ELECTRONIC FILING
17                             OF ANNUAL WITHHOLDING STATEMENTS.
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20   BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
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22           SECTION 1.        Arkansas Code  26-51-909(b)(2)(B), concerning the annual
23   income tax withholding statement, is amended to read as follows:
24                             (B)   For tax years beginning on or after January 1, 2006,
25   an An employer who has two hundred fifty (250) fifty (50) or more employees
26   during the employer's income year shall file the statement either:
27                                   (i)     Electronically;
28                                   (ii)    On magnetic media; or
29                                   (iii)    In any other machine-readable form approved by
30   the secretary.
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32           SECTION 2.        Arkansas Code  26-51-909(b)(2), concerning the annual
33   income tax withholding statement, is amended to add an additional subdivision
34   to read as follows:
35                             (C)   The secretary may waive the requirement in subdivision
36   (b)(2)(B) of this section for employers with fewer than two hundred fifty
     *JLL063*                                                                     03-02-2021 10:26:26 JLL063
     As Engrossed:   H3/2/21                                                 HB1050
 1   (250) employees if the secretary determines, on the basis of an application
 2   by the employer, that filing the statement electronically, on magnetic media,
 3   or in any other machine-readable form would cause an undue hardship for the
 4   employer.
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 6        SECTION 3.   EFFECTIVE DATE.   Sections 1 and 2 of this act are effective
 7   for tax years beginning on or after January 1, 2021.
 8
 9                                       /s/Jett
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                                         2               03-02-2021 10:26:26 JLL063
Statutes affected: 
Old version HB1050 Original - 12-17-2020 04:59 PM: 26-51-909(b)
Old version HB1050 V2 - 3-2-2021 10:27 AM: 26-51-909(b)
HB 1050: 26-51-909(b)
Old version of HB 1050 - 03-02-21: 26-51-909(b)
Old version of HB 1050 - 12-17-20: 26-51-909(b)