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Arkansas lawmaker urges immediate repeal of throwback rule to boost competitiveness
Summary
Representative Howard Beatty presented House Bill 1500 to accelerate repeal of the multistate "throwback" apportionment rule, arguing it disadvantages Arkansas manufacturers; the Arkansas State Chamber testified in support. No committee vote was taken.
Representative Howard Beatty (District 95) told the House Revenue & Taxation Committee that House Bill 1500 would accelerate the scheduled repeal of the multistate “throwback” apportionment rule so the remaining phase-out would end in January of next year.
Beatty said the throwback rule forces multistate corporations with Arkansas operations to apportion income to Arkansas as if some sales were made inside the state, creating what he described as an "unfair disadvantage to Arkansas…
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