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.
Structure Arkansas Code
Subchapter 4 - Computation of Tax Liability
§ 26-51-408. Dividends of financial institutions taxable
§ 26-51-415. Deductions — Interest
§ 26-51-416. Deductions — Taxes
§ 26-51-420. Deductions — Education service cooperative contributions
§ 26-51-425. Deductions — Worthless debts
§ 26-51-426. Deductions — Reserve for bad debts or liabilities
§ 26-51-427. Deductions — Net operating loss carryover — Definitions
§ 26-51-436. Deductions — Limitations
§ 26-51-442. Sale of property to comply with conflict-of-interest requirements