1.26 Ark. Code R. 51-702

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

Rule 1.26-51-702 - Apportionment of Net Income Authorized

If a taxpayer's business activities occur both within and outside of Arkansas, the taxpayer shall apportion its business income and allocate any nonbusiness income to Arkansas as provided by Arkansas law. "Taxpayer" means any corporation, partnership, firm, association or person acting as a business entity in more than one state. See ACA 26-5-101, Art. II(3).