(a) A partnership shall be classified and taxed for Arkansas income tax purposes in the same manner as it is classified and taxed for federal income tax purposes.
(b) (1) Every partnership filing an Arkansas partnership return shall state specifically the items of its gross income and the deductions allowed by the Income Tax Act of 1929 and shall include in the return the names and addresses of individuals who would be entitled to share in the net income if distributed and the amount of the distributive share of each individual.
(2) The returns shall be sworn to by one (1) of the partners.
(c) (1) The provisions of § 26-51-702 are not applicable to partnerships filing Arkansas partnership returns.
(2) Subject to the provisions of § 26-51-202(e), all partnership income from activities within this state that is reflected on a partnership return shall be allocated to this state.
Section: 26-51-802 26-51-803 26-51-804 26-51-805 26-51-806 26-51-807 26-51-808 26-51-809 26-51-810 26-51-811 26-51-812 26-51-813 26-51-814 26-51-815 NextLast modified: November 15, 2016