Stricken language would be deleted from and underlined language would be added to present law.
Act 369 of the Regular Session
1 State of Arkansas
2 93rd General Assembly A Bill
3 Regular Session, 2021 HOUSE BILL 1407
4
5 By: Representatives Lundstrum, Gonzales, M. Gray
6 By: Senator Hill
7
8 For An Act To Be Entitled
9 AN ACT TO MODIFY THE METHOD OF CALCULATION OF THE
10 STABILIZATION TAX IN CERTAIN CIRCUMSTANCES UNDER THE
11 DIVISION OF WORKFORCE SERVICES LAW; AND FOR OTHER
12 PURPOSES.
13
14
15 Subtitle
16 TO MODIFY THE METHOD OF CALCULATION OF
17 THE STABILIZATION TAX IN CERTAIN
18 CIRCUMSTANCES UNDER THE DIVISION OF
19 WORKFORCE SERVICES LAW.
20
21
22 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
23
24 SECTION 1. Arkansas Code 11-10-706(b), concerning the calculation of
25 the stabilization tax under the Division of Workforce Services Law, is
26 amended to add an additional subdivision to read as follows:
27 (7) For the rate year beginning January 1, 2022, and ending
28 December 31, 2022, the stabilization tax shall be the lesser of:
29 (A) The amount determined according to subdivisions
30 (b)(1)-(6) of this section; or
31 (B) Two-tenths of one percent (0.2%).
32
33
34 APPROVED: 3/15/21
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36
*ANS168* 02/03/2021 10:49:55 AM ANS168