Section 3

SECTION 3. Arkansas Code § 26-51-205(b), concerning the income tax 30 levied on foreign corporations, is amended to add an additional subdivision 31 to read as follows: 32

(6) For tax years beginning on or after January 1, 2027, every 33 foreign corporation doing business within the jurisdiction of this state 34 shall pay annually an income tax on the proportion of its entire net income 35 as now defined by the income tax laws of this state, on the following basis: 36

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(A) On the first three thousand dollars ($3,000) of net 1 income or any part thereof, one percent (1%); 2

(B) On the next three thousand dollars ($3,000) of net 3 income or any part thereof, two percent (2%); 4

(C) On the next five thousand dollars ($5,000) of net 5 income or any part thereof, three percent (3%); and 6

(D) On net income exceeding eleven thousand dollars 7 ($11,000), four and one-tenths percent (4.1%). 8

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10 APPROVED: 5/6/26 11

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