Franchise tax for Arkansas corporations: due date, fee, and late penalty

Franchise tax

Due

Due May 1 each year, combined with the annual report - no extensions.

First one

First report due May 1 of the year following incorporation - the report covers the preceding year.

Fee

At least $150 - Arkansas computes the exact tax from your capital stock and in-state assets, with a $150 minimum.

Frequency

Annual

If it is late

Arkansas adds a $25 penalty plus interest, and revokes charters left unpaid past year end. While the report is past due, the state accepts no other filings from the corporation.

File on Arkansas's site