throwback rule

Rep. Matthew Shepherd, Gov. Sarah Huckabee Sanders, Sen. Jonathan Dismang

Arkansas House advances another tax cut, phasing out the ‘throwback rule’

BY: - April 4, 2023

UPDATE: The full House of Representatives voted unanimously in favor of House Bill 1045 on Tuesday at about 7:40 p.m. State representatives on Tuesday voted to phase out the state’s so-called “throwback rule.” The rule is an obscure tax policy that requires multi-state corporations based in Arkansas to report income from other states where revenue […]