Secretary of State Announces Temporary Waiver of Franchise Tax Late Fees and Interest Charges
Posted on: 05/01/2025 12:21 pm
Tax Deadline is May 1st; Late Fees and Interest Waived Through May 8th
(LITTLE ROCK, ARK.) – Arkansas Secretary of State Cole Jester announced today that late fees and interest charges on businesses' annual franchise taxes will be waived through May 8th. The filing deadline for annual franchise taxes is May 1st.
Typically, companies filing after the deadline are charged a $25 late fee plus 0.000274% interest per day the payment is delinquent. These penalties will be waived for those who file between May 2nd and May 8th. This only applies to the 2025 franchise tax reporting year.
Secretary Jester said, "One of our website vendors had an error causing the payment website to be closed for a short period. This extension is only fair for those affected by that outage."
Arkansas franchise taxes can be filed conveniently online at https://www.ark.org/sos/franchise/index.php.