Gov. Asa Hutchinson announced Monday that the tax filing deadline for individuals has been extended to July 15, mirroring the federal deadline. The deadline for corporate tax filers and estimated payments will be April 15.
“We all know that there is a great need because of the individuals in Arkansas that are short of cash, they might have lost their job, they were living paycheck-to-paycheck and now they don’t have that paycheck, they might be waiting for unemployment benefits which will be less; all of this strains the individual families,” Hutchinson said in his daily briefing on Monday.
While this should provide relief for individual tax filers, it will add to a state revenue shortfall.
Business slowdown and moving part of the revenue stream to July 15 will result in a projected $353 million shortfall in the state budget over the next three months, Hutchinson said.
A special session of the General Assembly will be called to “fill the holes in the budget,” according to Hutchinson. A date for the session has not yet been set but it will be soon, he said.
The number of confirmed COVID-19 cases in Arkansas increased to 197 on Monday. The number was at 174 early Monday afternoon when Gov. Hutchinson made his daily briefing. By 5:30 p.m. the number of confirmed cases had increased to 197.
Five individuals have recovered, Dr. Nathaniel Smith, Arkansas Secretary of Health, said at the briefing.
“Right now we have five individuals who have met our criteria for recovery of COVID-19,” Smith said.
To decrease opportunities for the the spread of COVID-19, the state issued another directive earlier today. Barber and beauty shops, nail salons, massage therapists, and tattoo studios are directed to temporarily cease operations, according to Smith.