4.26 Ark. Code R. 51-718(d)
Current through Register Vol. 49, No. 10, October, 2024
Every taxpayer engaged in the business of transportation of passengers or freight by air both inside and outside of Arkansas shall determine its net income subject to Arkansas income tax by taking that portion of total net operating revenue that the total passenger and freight receipts in Arkansas bears to total receipts from both inside and outside of Arkansas.
Example: Airline Apportionment
($10,000,000 ÷ $50,000,000) x $500,000 = $100,000 Ark. taxable income
4.26 Ark. Code R. 51-718(d)