Arkansas Code Title 26, Subtitle 5, Chapter 51, Subchapter 7 - Uniform Division of Income for Tax Purposes Act

• § 26-51-701 - Definitions.
  As used in this Act, unless the context otherwise requires: (a) "Business income" means income arising from transactions and activity in the regular course...
• § 26-51-702 - Apportionment of Net Income Authorized.
  Any taxpayer having income from business activity which is taxable both within and without this state, other than activity as a public utility or...
• § 26-51-703 - Taxpayer Taxable in Another State.
  For purposes of allocation and apportionment of income under this Act, a taxpayer is taxable in another state if (1) in that state the...
• § 26-51-704 - Nonbusiness Income.
  Rents and royalties from real or tangible personal property, capital gains, interest, dividends, or patent or copyright royalties, to the extent that they constitute...
• § 26-51-705 - Rents and Royalties -- Extent of Utilization of Tangible Personal Property.
  (a) Net rents and royalties from real property located in this state are allocable to this state.(b) Net rents and royalties from tangible personal...
• § 26-51-706 - Capital Gains and Losses From Sales of Property.
  (a) Capital gains and losses from sales of real property located in this state are allocable to this state.(b) Capital gains and losses from...
• § 26-51-707 - Interest and Dividends.
  Interest and dividends are allocable to this state if the taxpayer's commercial domicile is in this state.
• § 26-51-708 - Patent and Copyright Royalties.
  (a) Patent and copyright royalties are allocable to this state: (1) if and to the extent that the patent or copyright is utilized by...
• § 26-51-709 - Business Income.
  All business income shall be apportioned to this state by multiplying the income by a fraction, the numerator of which is the property factor...
• § 26-51-710 - Real and Tangible Personal Property -- Factor.
  The property factor is a fraction, the numerator of which is the average value of the taxpayer's real and tangible personal property owned or...
• § 26-51-711 - Original Cost of Property -- Annual Rental Rate.
  Property owned by the taxpayer is valued at its original cost. Property rented by the taxpayer is valued at eight times the net annual...
• § 26-51-712 - Average Value of Property.
  The average value of property shall be determined by averaging the values at the beginning and ending of the tax period, but the Director...
• § 26-51-713 - Payroll Factor.
  The payroll factor is a fraction, the numerator of which is the total amount paid in this state during the tax period by the...
• § 26-51-714 - Compensation for Service -- Determination of Payment in State.
  Compensation is paid in this state if: (a) the individual's service is performed entirely within the state; or (b) the individual's service is performed...
• § 26-51-715 - Sales Factor.
  The sales factor is a fraction, the numerator of which is the total sales of the taxpayer in this state during the tax period,...
• § 26-51-716 - Sales of Tangible Personal Property.
  Sales of tangible personal property are in this state if: (a) the property is delivered or shipped to a purchaser, other than the United...
• § 26-51-717 - Sales -- Income-Producing Activity.
  Sales, other than sales of tangible personal property, are in this state if: (a) the income-producing activity is performed in this state; or (b)...
• § 26-51-718 - Procedure When Allocation Does Not Fairly Represent Taxpayer's Business Activity.
  If the allocation and apportionment provisions of this Act do not fairly represent the extent of the taxpayer's business activity in this state, the...
• § 26-51-719 - Construction.
  This Act shall be so construed as to effectuate its general purpose to make uniform the law of those states which enact it.
• § 26-51-720 - Severability.
  If any provision of this Act or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect other...
• § 26-51-721 - Repealer.
  Any law or parts of laws in conflict with this Act are hereby repealed.
• § 26-51-722 - Effective Date.
  The provisions of this Act shall be applicable to all income earned or accrued in the income years, both calendar and fiscal, beginning on...
• § 26-51-723 - Legislative Findings -- Emergency.
  It is found and determined by the General Assembly that the laws of this state pertaining to the apportionment of income for income tax...

Last modified: November 15, 2016