Ark. Code § 26-51-408

Current with legislation from 2024 Fiscal and Special Sessions.

Section 26-51-408 - Dividends of financial institutions taxable

Dividends paid on shares of stock of financial institutions shall be subject to income tax under the Income Tax Act of 1929, § 26-51-101 et seq., on the same basis as dividends on shares of stock of business corporations.

Ark. Code § 26-51-408

Acts 1973, No. 182, § 4; A.S.A. 1947, § 84-2008.2.