Bank Franchise Tax Report
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1BANK FRANCHISE TAX REPORT
MAKE CHECKS PAYABLE TO SECRETARY OF STATE
MAIL TO: Business and Commercial Services Division, P.O. Box 8014, Little Rock, Arkansas 72203-8014
For Online Filing and Information Visit Our Website at
(501) 682-3409 or (888) 233-0325 (toll free)
ANNUAL REPORT DUE ON OR BEFORE MAY 1
BANKS SUBMITTING THIS REPORT AFTER MAY 1 SHOULD
CALL THIS OFFICE FOR ASSISTANCE IN THE CALCULATION OF PENALTY AND INTEREST
GENERAL INFORMATION AND DEFINITIONS
1.
"WHO FILES": All Domestic and Foreign corporations,
In order to be considered timely, tax reports and
associations, banks, insurance companies, limited
payments must be received by the Secretary of State's
liability companies, and organizations constituting a
office no later than the close of business on May 1 or
separate legal entity of relationship with the purpose of
must be postmarked by the United States Postal Service no
obtaining a privilege or franchise which is not allowed to
later than midnight on May 1. Postage meter dates are not
them as individuals except those exempted by Act 19 of
acceptable for purpose of determining the timely receipt
1987. The only exemptions are nonprofit corporations,
of a tax form and/or payment. Refer to Arkansas Code
corporations which are organizations exempt from the
Annotated 26-18-105.
federal income tax, or organizations formed pursuant to
8.
“SIGNATURE”: The President, Vice-President, Secretary,
the Uniform Partnership Act, §4-42-101 et seq., or the
Treasurer or Controller of a bank must sign this tax report.
Uniform Limited Partnership Act. §4-44-101 et seq.
9.
“AUTHORIZED CAPITAL STOCK”: The number of
2.
“RESPONSIBILITY”: Banks not receiving a form by
shares and the par value of these shares that may be
March 20 must make written request, download or
issued by a bank.
file on line through the Secretary of State’s office. All
10.
“ISSUED AND OUTSTANDING STOCK”: That part of a
banks must comply with May 1 due date.
banks stock issued for cash or other consideration.
3.
“EXTENSIONS”: Acts 1046 and 1140 of 1991 eliminated
11.
“ASSETS”: The value of the real and personal property
the opportunity to request an extension. ALL REPORTS
of the bank.
ARE DUE ON OR BEFORE MAY 1.
12.
“PAYMENT ADDRESS & INFORMATION”: See top of
4.
“TAX COMPUTED IN ERROR”: Underpayment will be
this page.
billed to the bank. Requests for refunds must be
submitted with proof to the Secretary of State's Business
Services Division at the above address.
For faster service:
5.
“REPORTING YEAR”: The year in which the report is due.
File online @ ,gov or use
6.
“TAX YEAR”: The year ending December 31 preceding
XML Batch filing!
the reporting year.
7.
“FAILURE TO FILE REPORT”: Banks shall pay an
additional late filing penalty plus interest for late filing of
the report or late payment of the tax.
Calculate as follows:
A. Original Tax due May 1 $ ________________________________
(Minimum $150)
B. +Late Filing Penalty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $25.00
C = TOTAL (Add lines A & B)
$ _________________________
D + Interest is (A) x .000274 x_______________ = $ ____________
Number of days
Deficient
E. = TOTAL TAX DUE (Add lines C & D) $ _____________________
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