Dover Dixon Horne PLLC

At Dover Dixon Horne PLLC, we help clients achieve a business objective, realize a creative solution to a problem, or advance a legal strategy for protecting their business. Whether we are working with a family-owned, privately-held or publicly-traded company, our attorneys strive to develop a deep understanding of their clients’ culture, business and goals and objectives to inform their legal counsel.

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We thank you for visiting the Dover Dixon Horne PLLC (“Dover Dixon Horne”) website, including our Twitter, LinkedIn, and Facebook pages (“DDH Websites”). Dover Dixon Horne created the DDH Websites for informational purposes only. Information on the DDH Website (“Information”) is not intended to constitute and does not constitute legal advice. Furthermore, such Information does not specifically represent opinions of Dover Dixon Horne attorneys or clients. Though the Information is provided as a public service,…
Posted in Tax
2019 was an active legislative session for economic development credits and incentives.  Notable changes include comprehensive revisions to the major state-level incentives and the expansion of local incentive powers to include retail and also sports complexes.  Act 203 expands the 33% income tax credit for donations of machinery and equipment to certain educational institutions, so as to allow the 33% credit also for each cash donations for the purchase of new machinery or equipment.  Act 213…
Posted in Tax
2019 was an active legislative session for economic development credits and incentives.  Notable changes include comprehensive revisions to the major state-level incentives and the expansion of local incentive powers to include retail and also sports complexes.  Act 203 expands the 33% income tax credit for donations of machinery and equipment to certain educational institutions, so as to allow the 33% credit also for each cash donations for the purchase of new machinery or equipment.  Act 213…
Posted in Tax
The following general tax administration changes were made by the General Assembly in 2019. While most of the changes were relatively minor technical adjustments, the consolidation of franchise tax administration and the Assessment Coordination Department into the Department of Finance and Administration will have long-term significance, as will the biennial tax preference reviews beginning 2021-2022 ahead of the 2023 legislative session. Act 673 revises the amounts of fees that may be collected by the Commissioner…
Posted in Tax
The following general tax administration changes were made by the General Assembly in 2019. While most of the changes were relatively minor technical adjustments, the consolidation of franchise tax administration and the Assessment Coordination Department into the Department of Finance and Administration will have long-term significance, as will the biennial tax preference reviews beginning 2021-2022 ahead of the 2023 legislative session. Act 673 revises the amounts of fees that may be collected by the Commissioner…
Posted in Tax
2019 saw two pieces of unclaimed property legislation become law.  Act 492, in particular, is notable as giving Arkansas very strict rules regarding securities. Act 325 authorizes the State Auditor to invest unclaimed property proceeds with the State Money Management Trust. The effect should be to give the state the benefit from investing unclaimed property monies. Effective March 6, 2019. Act 492 authorizes the State Auditor to sell securities immediately upon receipt instead of waiting for…
Posted in Tax
2019 saw two pieces of unclaimed property legislation become law.  Act 492, in particular, is notable as giving Arkansas very strict rules regarding securities. Act 325 authorizes the State Auditor to invest unclaimed property proceeds with the State Money Management Trust. The effect should be to give the state the benefit from investing unclaimed property monies. Effective March 6, 2019. Act 492 authorizes the State Auditor to sell securities immediately upon receipt instead of waiting for…
Posted in Tax
Arkansas has a number of miscellaneous taxes, some of which saw significant changes in 2019.  Highlights include a new wholesale fuel tax and increased E911 fees.   Act 368 amends the age of a historic or special interest vehicle that qualifies for an exemption from registration fees and from twenty-five (25) to forty-five (45) years of age or older and requires yearly proof of current insurance coverage to maintain such exemption. Act 416 is a highway…
Posted in Tax
Arkansas has a number of miscellaneous taxes, some of which saw significant changes in 2019.  Highlights include a new wholesale fuel tax and increased E911 fees.   Act 368 amends the age of a historic or special interest vehicle that qualifies for an exemption from registration fees and from twenty-five (25) to forty-five (45) years of age or older and requires yearly proof of current insurance coverage to maintain such exemption. Act 416 is a highway…
Posted in Tax
Arkansas’s 2019 legislative session saw numerous property tax bills enacted, including changes to pay-to-play rules for property tax appeals, statewide guidance on exemption determinations, homestead credit reform, and disclosures surrounding “dark store” valuations. Act 509 provides that a county equalization board does not have jurisdiction over, and shall not accept, an application for adjustment for the valuation of producing mineral rights.  Act 538 requires notice of the county assessor when mineral rights are subject to…
Posted in Tax