(a) (1) Title 26 U.S.C. § 3405, as in effect on January 1, 2005, regarding withholding from deferred income, is adopted as modified by subdivision (a)(2) of this section.
(2) For the purposes of Arkansas withholding tax under this section:
(A) The amount of withholding required under 26 U.S.C § 3405(b)(1) shall be three percent (3%); and
(B) The amount of withholding required under 26 U.S.C. § 3405(c)(1)(B) shall be five percent (5%).
(b) This section shall apply only when the payee is an Arkansas resident.
Section: Previous 26-51-906 26-51-907 26-51-908 26-51-909 26-51-910 26-51-911 26-51-912 26-51-913 26-51-914 26-51-915 26-51-916 26-51-917 26-51-918 26-51-919 NextLast modified: November 15, 2016