Statutes, codes, and regulations
Arkansas Administrative Code
Agency 006 - Department of Finance and AdministrationDivision 05 - Division of RevenuesRegulation 1997-4 - Comprehensive Individual Income Tax Regulations
Rule 26-51-504 - INCOME FROM SOURCES OUTSIDE ARKANSAS
Rule 1.26-51-504(c) - Restriction of Credit

1.26 Ark. Code R. 51-504(c)

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Current through Register Vol. 49, No. 10, October, 2024
Rule 1.26-51-504(c) - Restriction of Credit

The credit against Arkansas individual income tax liability for income taxes actually owed to another state or territory shall only be available to Arkansas residents or part-year residents. Nonresidents are not eligible for this credit.

The credit shall also be available to fiduciaries and partnerships residing or domiciled in Arkansas which either:

1. Are subject to Arkansas income tax;

or

2. Have to report income for purposes of Arkansas income tax.

1.26 Ark. Code R. 51-504(c)