NFIB/Arkansas Legislative Victories

Date: August 21, 2014

Passed legislation allowing businesses to write off $134,000 in expenses 
The bill more than doubled the amount that small businesses can expense, allowing small businesses to write off more than $100,000 in depreciable expenses for state income tax purposes and cut their tax bill.

Defeated proposals that would have meant higher worker's compensation premiums
With the help of our members and supporters, a number of proposals that would have increased worker's compensation were prevented from moving forward.?

Passed unemployment insurance benefits reform
The legislation removed the indexing of weekly benefit benefits and established a minimum payment of $81 a week and a maximum payment of $451. It also limited payments to 25 weeks and disqualified workers let go because of absenteeism or misconduct.

Helped extend the time a business has to respond to unemployment claims 
Previously, employers had seven days from the date the notice of unemployment claim was mailed to respond. Often, employers who were out of town would return to find the deadline had already passed. NFIB fought to extend the deadline to 10 days and give employers the option of receiving notices via email.

blog comments powered by Disqus

Subscribe For Free News And Tips

Enter your email to get FREE small business insights. Learn more

Get to know NFIB

NFIB is America's leading small business association, promoting and protecting the right of our members to own, operate and grow their business

Find out more about
NFIB Membership

Or call us today