Arkansas Estate Taxes

Arkansas assesses an estate tax that is equal to the federal estate tax credit. There is no additional estate tax imposed.

The Arkansas estate tax is repealed in conjunction with the repeal of the federal credit for state death taxes for the estates of decedents dying on or after January 1, 2005.

Deductions. Because Arkansas estate tax laws are based on the federal system, the same types of federal estate deductions apply when determining the taxable Arkansas estate.

Returns. When required, an Arkansas estate tax return must be filed with the Department of Finance and Administration within nine months after the date of death. Any taxes due must also be paid at this time unless a payment extension is granted. Extensions can be up to 18 months in length, but cannot total more than five years.

Generation-skipping transfer tax. Arkansas does not impose a generation-skipping transfer tax.