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Bill Summary · HB 1750

Summary — HB 1750 (2025)

Note: the documents supplied show multiple, distinct bills from different states that share the number "HB 1750." This summary separates the primary legislative strands found in the materials and highlights the bill’s final status: Died In Conference.

Overview

  • Bill number: HB 1750
  • Primary subjects appearing in the documents: repeal of the Arkansas Corporate Franchise Tax Act (Arkansas), and an appropriation for the Mississippi State Board of Physical Therapy (Mississippi). An unrelated Illinois HB1750 text also appears in the record (income tax changes) and should be treated as a separate bill in Illinois.
  • Overall status (as provided): Died In Conference.

Version A — Arkansas: Repeal of the Arkansas Corporate Franchise Tax Act of 1979

Purpose and key provisions
- Repeals Title 26, Chapter 54 (the Arkansas Corporate Franchise Tax Act of 1979) and makes conforming changes to multiple Arkansas Code sections (Secretary of State reporting, annual franchise tax reports, certificate of good standing rules, Educational Adequacy Fund distribution, and enumerations of general revenue).
- Removes requirements that corporations and LLCs file annual franchise tax reports and pay annual franchise tax.

Fiscal and administrative impact (per Arkansas DFA Fiscal Impact Statement)
- Estimated FY2026 revenue loss (using FY2024 collections and assuming repeal effective for taxes due May 1, 2026):
- General Revenue: −$8,000,000
- Educational Adequacy Fund: −$28,000,000
- Taxpayer impact: corporations and LLCs would no longer be required to report or pay franchise tax.
- Administrative resources: updates to computer systems, tax forms, instructions, and staff/tax community education required.
- DFA legal note: bill would benefit from a clear effective date or specification of tax years affected.

Who would be affected
- Arkansas domestic and foreign corporations and limited liability companies (including certain insurance entities previously subject to higher minimums).
- State revenues and the Education Adequacy Fund allocations.

Version B — Mississippi: Appropriation for Mississippi State Board of Physical Therapy (Committee Amendment)

Purpose and key provisions (as amended)
- Replaces prior text with an appropriation from special funds to the Mississippi State Board of Physical Therapy for Fiscal Year 2026.
- Appropriation amount shown in the amendment: $354,642.
- Authorized permanent headcount in text: 25 positions (time-limited: 0).
- Standard appropriation language on use of funds, personnel controls, purchasing preferences (Mississippi Industries for the Blind), reporting, and effective date language included (the text contains an apparent typographical inconsistency about repeal dates).

Who would be affected
- Mississippi State Board of Physical Therapy (operating budget and staffing).
- State treasury (special funds account providing the appropriation).

Legislative History & Procedural Notes (combined highlights)

  • Introduced: January 7, 2025 (per header); multiple filings and actions across states/dockets.
  • Arkansas-engrossed version date: As Engrossed H3/17/25.
  • Significant actions: amendments adopted (3/17/25), bill placed for second reading for amendment, conferees named, and ultimately listed as Died In Conference (3/29/2025) and Died in House Committee at sine die adjournment (5/5/2025) in some logs.
  • Multiple sponsors/cosponsors listed across the various versions (Arkansas sponsors: Rep. Cavenaugh and Sen. Crowell; other named sponsors/cosponsors include Joe C. Sosnowski — Illinois — and several Representatives added later).

Key takeaways / Caveats

  • The Arkansas version would have removed the corporate franchise tax and produced a material revenue reduction for FY2026 (approx. $36M combined to General Revenue + Education Adequacy Fund by DFA estimate).
  • The Mississippi committee amendment converted the bill into a state appropriation for the Physical Therapy Board ($354,642).
  • The record supplied mixes texts from different states (Arkansas, Mississippi, Illinois) that are not the same legislative action despite sharing HB 1750; readers should confirm the state jurisdiction when researching or citing HB 1750.
  • Final status in the provided documents: Died In Conference.

Compiled from official sources — confirm details with the bill’s official record.

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