Opinion No.

The Honorable W.J. "Bill" McCuen Secretary of State State Capitol Little Rock, AR 72201-1094

Dear Mr. McCuen:

This is in response to your request for an opinion regarding the minimum corporate franchise tax. You have posed the following specific two-part question:

What is the correct amount of the minimum corporate franchise tax and the appropriate disposition of any excess tax determined to have been collected?

In response to the first part of your question, it is my opinion that the correct amount of the minimum corporate franchise tax is $59.00.

Acts 1987 (1st Ex. Sess.), No. 29, § 1, codified…