Throughout the week, we highlight selected developments involving state tax legislative, judicial, and administrative matters. The alerts provide a brief summary of specific multistate developments relevant to taxpayers, tax professionals, and other interested persons. Read the recent alerts below or visit the archive.
Arkansas adopts market-based sourcing On April 16, 2025, Arkansas Senate Bill 567 (S.B. 567) was enacted into law. S.B. 567, among other changes, adopts market-based sourcing of receipts from sales other than tangible personal property and allows a transition period for certain telecommunication, internet, and television related businesses by allowing them to elect to utilize the cost of performance sourcing method until December 31, 2035. Additionally, S.B. 567 adds a bright-line nexus threshold of $250,000 in receipts for nonresident corporations and partnerships and adds statutory provisions for alternative apportionment. These changes are effective for tax years beginning on and after January 1, 2026.
This Multistate Tax Alert summarizes some of the relevant provisions in S.B. 567.
[Issued: April 23, 2025] More
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