2019 Arkansas Code
Title 26 - Taxation
Subtitle 5 - State Taxes
Chapter 54 - Arkansas Corporate Franchise Tax Act of 1979
§ 26-54-114. Nonpayment of Franchise Taxes.
(a) No corporation or limited liability company shall be allowed to file any forms or documentation related to that corporation or limited liability company if the corporation or limited liability company owes past-due franchise taxes to the Secretary of State.
(b) No person shall be allowed to file any initial forms or documentation with the Secretary of State to create any legal entity in the State of Arkansas or to obtain authority to do business in the State of Arkansas if that person is substantially connected to any corporation or limited liability company that owes past-due franchise taxes to the Secretary of State.
(c) As used in this section:
(1) “Past-due franchise taxes” means only those taxes owed three (3) years prior to the year in which the current filing is presented;
(2) “Past officer or director” means a person who was associated with the corporation or limited liability company during the time that its charter was revoked for nonpayment of franchise taxes; and
(3) “Substantially connected” means a present officer or director or a past officer or director of a corporation.
