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Senate committee passes HB 19‑11 after removing clause that would have undercut DFA rule authority
Summary
House Bill 19‑11, which would adopt portions of the Internal Revenue Code on grantor trusts into Arkansas law (IRC 671–679), passed the Senate Revenue & Tax committee as amended after members removed a section that said the DFA lacked authority to promulgate a 1997 rule; DFA warned the omitted language could trigger $20 million in amended returns.
Representative Warren presented House Bill 19‑11 to the Senate Revenue & Tax committee, saying the measure would adopt Internal Revenue Code sections 671 through 679 into Arkansas law to align state and federal tax treatment of grantor trusts and provide clarity for taxpayers. Sponsor testimony framed the bill as prospective and designed to give trust practitioners time to adapt.
Anton Janek, a tax attorney with Mitchell Williams, testified in favor and said he had “been blown away to find out Arkansas was 1 of only 3 states who has never adopted any…
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