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Arkansas Legislative Task Force to Identify Areas of Tax Reform
Wednesday, May 24, 2017 6:55 AM

Ron Harrod, Arkansas Credit Union Association lobbyist, attended the organizational meeting of Arkansas' Tax Reform and Relief Legislative Task Force Committee. The organizational meeting is the first step in crafting new tax reform legislation.

When the General Assembly passed the Tax Reform and Relief Act of 2017, they not only reduced taxes for low-income families, but they laid the groundwork for future tax cuts and reform. The legislation (Act 79) created the Tax Reform and Relief Legislative Task Force. 

The purpose of the task force is to examine and identify areas of potential reform within the tax laws of the State of Arkansas and to recommend legislation for consideration during the 2019 Regular Session. The 16-member committee is composed of eight senators and eight representatives, as follows:

  • Sen. Joyce Elliott, Sen. Larry Teague, Sen. Missy Irvin, Sen. Bart Hester, Sen. David Wallace, Sen. Jonathan Dismang, Sen. Keith Ingram, and Sen. Jim Hendren;
  • Rep. Jim Dotson, Rep. Joe Jett, Rep. Warwick Sabin, Rep. Bob Johnson, Rep. Frances Cavenaugh, Rep. Lane Jean, Rep. Kenneth Ferguson, and Rep. Mathew Pitsch. 
  • The co-chairs elected Monday were: Sen. Jim Hendren and Rep. Lane Jean.
  1. The task force is required by Act 79 of 2017, the Tax Reform and Relief Act of 2017, to:
  1. Examine and identify areas of potential reform within the tax laws of the State of Arkansas and
  2. Recommend legislation to the General Assembly for consideration during the 2019 Regular Session in order to:
    1. Modernize and simplify the Arkansas Tax Code;
    2. Make the Arkansas tax laws competitive with other states in order to attract businesses in the state;
    3. Create jobs for Arkansas; and
    4. Ensure fairness to all individuals and entities impacted by the tax laws of the State of Arkansas
  1. On or before Dec. 1, 2017, the task force shall file with the governor, the speaker of the House of Representatives, and the president pro tempore of the Senate a written preliminary report of the task force’s activities, findings, and recommendations.
  2. On or before Sept. 1, 2018, the task force shall file with those listed in item 3 a final written report.
  3. The task force expires on Dec. 31, 2018.

Harrod said he would keep credit unions abreast of the committee's work. Their next meeting is scheduled for June 7. If you would like more information, please contact Ron at rharrod@sbcglobal.net or 501-944-3068.