§ 10-3-220 - Monitoring of changes made in federal income tax laws and regulations -- Reports of director. - Arkansas Statutes

10-3-220. Monitoring of changes made in federal income tax laws and regulations -- Reports of director.

(a) The Director of the Department of Finance and Administration shall monitor changes made in federal income tax laws and regulations for the purpose of determining how the changes may affect Arkansas income tax law and for the purpose of determining how the changes differ from provisions adopted for Arkansas income tax purposes.

(b) The director shall report his findings annually to the Committee on Revenue and Taxation of the House of Representatives and the Committee on Revenue and Taxation of the Senate and may make such other reports to the committees as he deems necessary.