1.26 Ark. Code R. 51-704
Current through Register Vol. 49, No. 10, October, 2024
Generally, a taxpayer's nonbusiness income will be allocated to the state in which the taxpayer has its commercial domicile (that is, home office or corporate headquarters). However, under certain circumstances, a taxpayer's income from rents, royalties and capital gains may be allocable to Arkansas even though the taxpayer's commercial domicile is not located in Arkansas. See ACA 26-51-705 through 26-51-708.
1.26 Ark. Code R. 51-704