The chart below lists the franchise tax rates for various entities under Arkansas Code 26-54-104.

Franchise Tax TypeCurrent Rate

Corporation/Bank with Stock

0.3% of the outstanding capital stock; $150 minimum

Corporation/Bank without Stock

$300

Limited Liability Company

$150

Insurance Corporation Legal Reserve Mutual, Assets Less Than $100 million

$300

Insurance Corporation Legal Reserve Mutual, Assets Greater Than $100 million

$400

Insurance Company Outstanding Capital Stock Less Than $500,000

$300

Insurance Company Outstanding Capital Stock Greater Than $500,000

$400

Mortgage Loan Corporation

0.3% of the outstanding capital stock; $300 minimum

Mutual Assessment Insurance Corporation

$300