7.26 Ark. Code R. 51-404(a)(1)

Current through Register Vol. 49, No. 9, September, 2024

Rule 7.26-51-404(a)(1) - Leased Property

Rents received by a lessor corporation which are based on a rate of dividend or interest on capital stock or outstanding indebtedness, including any fixed tax or insurance payments, shall be reported by the lessor corporation as rental income.