Arkansas Code
Subtitle 5 - State Taxes
Chapter 51 - Income Taxes

§ 26-51-301. Individuals exempt from taxation or qualifying for the low-income tax credit — Definitions - Single Taxpayer From Less Than Credit $10,682 $10,700 $133 $10,701...

§ 26-51-304. Income from investments made by nonprofit organizations - Income derived from investments made by nonprofit organizations, whether or...

§ 26-51-308. Trusts for qualified deferred compensation plans exempt - An organization or trust described in 26 U.S.C. § 401(a),...

§ 26-51-310. Foreign income exclusion - Title 26 U.S.C. §§ 911 and 912, as in effect...

§ 26-51-315. Community Match Rural Physician Recruitment Program incentives - There is allowed an exemption from the income tax imposed...

Subchapter 4 - Computation of Tax Liability

§ 26-51-408. Dividends of financial institutions taxable - Dividends paid on shares of stock of financial institutions shall...

§ 26-51-410. Inventory - Whenever, in the opinion of the Secretary of the Department...

§ 26-51-415. Deductions — Interest - Title 26 U.S.C. § 163, as in effect on January...

§ 26-51-416. Deductions — Taxes - In computing net income, there shall be allowed as deductions...

§ 26-51-420. Deductions — Education service cooperative contributions - Education service cooperatives created under The Education Service Cooperative Act...

§ 26-51-425. Deductions — Worthless debts - In computing net income there shall be allowed as deductions...

§ 26-51-426. Deductions — Reserve for bad debts or liabilities - Any bank, building and loan, savings and loan, or any...

§ 26-51-427. Deductions — Net operating loss carryover — Definitions - In addition to other deductions allowed by this chapter, there...

§ 26-51-436. Deductions — Limitations - Notwithstanding any other provision of the Income Tax Act of...

§ 26-51-442. Sale of property to comply with conflict-of-interest requirements - Title 26 U.S.C. § 1043, as in effect on January...

§ 26-51-444. Deductions — Soil and water conservation - Title 26 U.S.C. § 175, as in effect on January...

§ 26-51-461. Deduction — Research and development - Title 26 U.S.C. §§ 174 and 280C, as in effect...

Subchapter 5 - Tax Credits Generally

§ 26-51-501. Personal tax credits — Definitions - (3)(A) For each individual, other than husband or wife, who...

§ 26-51-506. Tax credit for waste reduction, reuse, or recycling equipment — Eligibility — Definitions - (A) The carry forward period for such tax credits under...

Subchapter 7 - Uniform Division of Income for Tax Purposes Act

§ 26-51-701. Definitions - As used in this Act, unless the context otherwise requires:

§ 26-51-702. Apportionment of net income authorized - Any taxpayer having income from business activity which is taxable...

§ 26-51-703. Taxpayer taxable in another state - For purposes of allocation and apportionment of income under this...

§ 26-51-704. Nonbusiness income - Rents and royalties from real or tangible personal property, capital...

§ 26-51-707. Interest and dividends - Interest and dividends are allocable to this state if the...

§ 26-51-709. Business income. [Effective until January 1, 2021.] - All business income shall be apportioned to this state by...

§ 26-51-709. Business income. [Effective January 1, 2021.] - For the tax year beginning January 1, 2021, all business...

§ 26-51-710. Real and tangible personal property — Factor. [Repealed effective January 1, 2021.] - The property factor is a fraction, the numerator of which...

§ 26-51-711. Original cost of property — Annual rental rate. [Repealed effective January 1, 2021.] - Property owned by the taxpayer is valued at its original...

§ 26-51-712. Average value of property. [Repealed effective January 1, 2021.] - The average value of property shall be determined by averaging...

§ 26-51-713. Payroll factor. [Repealed effective January 1, 2021.] - The payroll factor is a fraction, the numerator of which...

§ 26-51-714. Compensation for service — Determination of payment in state. [Repealed effective January 1, 2021.] - Compensation is paid in this state if:

§ 26-51-715. Sales factor. [Repealed effective January 1, 2021.] - The sales factor is a fraction, the numerator of which...

§ 26-51-716. Sales of tangible personal property - Sales of tangible personal property are in this state if:

§ 26-51-717. Sales — Income-producing activity - Sales, other than sales of tangible personal property, are in...

§ 26-51-718. Procedure when allocation does not fairly represent taxpayer's business activity. [Effective until January 1, 2021.] - If the allocation and apportionment provisions of this Act do...

§ 26-51-718. Procedure when allocation does not fairly represent taxpayer's business activity. [Effective January 1, 2021.] - If the allocation and apportionment provisions of this Act do...

§ 26-51-719. Construction - This Act shall be so construed as to effectuate its...

§ 26-51-720. Severability - If any provision of this Act or the application thereof...

§ 26-51-721. Repealer - Any law or parts of laws in conflict with this...

§ 26-51-722. Effective date - The provisions of this Act shall be applicable to all...

§ 26-51-723. Legislative findings — Emergency - It is found and determined by the General Assembly that...

Subchapter 8 - Tax Returns

§ 26-51-806. Filing returns — Time and place — Forms — Definitions - I declare, under the penalties of perjury, that the foregoing...

§ 26-51-809. Receipts for taxes - The Secretary of the Department of Finance and Administration shall...

§ 26-51-814. Reports and returns — Preservation and destruction - All reports and returns required by the Income Tax Act...

Subchapter 9 - Arkansas Income Tax Withholding Act of 1965

§ 26-51-901. Title - This subchapter may be cited as the “Arkansas Income Tax...

§ 26-51-902. Definitions - As used in this subchapter: (1) “Agricultural labor” means agricultural...

§ 26-51-903. Subchapter supplemental - The provisions of this subchapter are declared to be supplemental...

§ 26-51-904. Rules — Forms - The Secretary of the Department of Finance and Administration shall...

§ 26-51-906. Withholding state income taxes of federal employees by federal agencies - The Secretary of the Department of Finance and Administration is...

§ 26-51-907. Withholding tables - The Secretary of the Department of Finance and Administration shall...

§ 26-51-910. Refunds to employer for overpayment - Any employer who makes an overpayment of the tax required...

§ 26-51-912. Minimum estimated tax - A taxpayer who makes a declaration of estimated tax for...

§ 26-51-916. Employer liable for amounts required to be withheld — Exceptions - Every employer shall be liable for amounts required to be...

§ 26-51-917. Employer's withholding account number - Every employer, as defined in this subchapter, shall make application...

Subchapter 10 - Water Resource Conservation and Development Incentives Act

§ 26-51-1001. Title - This subchapter shall be known as the “Water Resource Conservation...

§ 26-51-1003. Definitions - As used in this subchapter: (1) “Acre-foot” means the volumetric...

§ 26-51-1014. Construction - No part or segment of this subchapter shall be interpreted...

Subchapter 11 - Donations or Sales of Equipment to Educational Institutions

§ 26-51-1101. Definitions - As used in this subchapter: (1) “Accredited institution of higher...

§ 26-51-1105. Rules - The Secretary of the Department of Finance and Administration, the...

Subchapter 12 - Steel Mill Tax Incentives

§ 26-51-1201. Definition - As used in this section, § 26-51-1202, and § 26-51-1203,...

§ 26-51-1211. Definitions - As used in this section and §§ 26-51-1212 — 26-51-1214:...

§ 26-51-1212. Certification required — Contents - To claim the benefits of this section, § 26-51-1211, §...

Subchapter 13 - Winnings Withholding Act

§ 26-51-1301. Title - This subchapter may be cited as the “Winnings Withholding Act...

§ 26-51-1302. Definitions - As used in this subchapter: (1) “Gaming winnings” means winnings...

§ 26-51-1304. Administration - This subchapter shall be administered in accordance with the Arkansas...

§ 26-51-1305. Liability of franchise holders - Every holder of a franchise to conduct dog racing, horse...

§ 26-51-1306. Withholding return and payment for racing winnings - Every franchise holder required to deduct and withhold income tax...

Subchapter 14 - Apportionment and Allocation of Net Income of Financial Institutions

§ 26-51-1402. Definitions. [Effective until January 1, 2021.] - As used in this subchapter, unless the context otherwise requires:...

§ 26-51-1402. Definitions. [Effective January 1, 2021.] - As used in this subchapter, unless the context otherwise requires:...

Subchapter 15 - Arkansas Private Wetland and Riparian Zone Creation, Restoration, and Conservation Tax Credits Act

§ 26-51-1501. Title - This subchapter may be cited as the “Arkansas Private Wetland...

§ 26-51-1503. Definitions - As used in this subchapter: (1) “Application” means a written...

§ 26-51-1509. Recordkeeping requirement - For purposes of this subchapter, the recordkeeping provisions of §...

Subchapter 17 - Low-Income Housing Tax Credit

§ 26-51-1701. Definitions - As used in this subchapter, unless the context clearly requires...

§ 26-51-1705. Rules - The Secretary of the Department of Finance and Administration and...

Subchapter 18 - Small Business Capital Formation Act

§ 26-51-1802. Effective date - The provisions of this subchapter shall be in effect for...

Subchapter 19 - Employee Tuition Reimbursement Tax Credit

§ 26-51-1901. Legislative intent - It is recognized that the reimbursement or payment by an...

§ 26-51-1903. Eligibility - The following types of businesses are eligible for the tax...

Subchapter 20 - Manufacturer's Investment Tax Credit Act

§ 26-51-2001. Title - This subchapter may be known and cited as the “Manufacturer's...

§ 26-51-2002. Definitions - As used in this subchapter: (1) “Director” means the Director...

§ 26-51-2004. Credit granted - There is granted a credit against the state income tax...

Subchapter 21 - Gift of Life Act

§ 26-51-2101. Title - This subchapter shall be known as and may be cited...

§ 26-51-2102. Legislative findings and intent - The General Assembly finds that organ donation is a courageous,...

Subchapter 22 - Arkansas Historic Rehabilitation Income Tax Credit Act

§ 26-51-2201. Title - This subchapter shall be known and may be cited as...

§ 26-51-2202. Purpose - The purpose of this subchapter is to encourage economic development...

§ 26-51-2203. Definitions - As used in this subchapter: (1) “Arkansas historic rehabilitation income...

§ 26-51-2208. Effective dates - This subchapter is effective for tax years beginning on or...

Subchapter 23 - Lottery Withholding Act

§ 26-51-2301. Title - This subchapter may be cited as the “Lottery Withholding Act”.

§ 26-51-2302. Definitions - As used in this subchapter: (1) “Claim center” means a...

Subchapter 24 - Arkansas Central Business Improvement District Rehabilitation and Development Investment Tax Credit Act [Effective If Contingency in § 26-51-2412 Is Met.]

§ 26-51-2401. Title - This subchapter shall be known and may be cited as...

§ 26-51-2402. Purpose - The purpose of this subchapter is to encourage economic development...

§ 26-51-2403. Definitions - As used in this subchapter: (1) “Central business improvement district”...

Subchapter 25 - Income Tax Refund Check-off and Contribution Programs

§ 26-51-2502. Arkansas Disaster Relief Program - (A) If you are entitled to a refund, check if...

§ 26-51-2503. Contribution to the Arkansas School for the Blind and the Arkansas School for the Deaf - (A) If you are entitled to a refund, check if...

§ 26-51-2504. Baby Sharon Act - (1) If you are entitled to a refund, check if...

§ 26-51-2507. Contribution to Arkansas Association of Area Agencies on Aging - If you are entitled to a refund, check if you...

§ 26-51-2508. Income tax check-off program for contributions to the Newborn Umbilical Cord Blood Initiative - (1) If you are entitled to a refund, check if...

§ 26-51-2509. Contribution to Arkansas Tax-Deferred Tuition Savings Program account - If you are entitled to a refund, check if you...

§ 26-51-2510. Contributions to the Arkansas Game and Fish Foundation - (1) If you are entitled to a refund, check if...

Subchapter 26 - Arkansas Major Historic Rehabilitation Income Tax Credit Act

§ 26-51-2601. Title - This subchapter shall be known and may be cited as...

§ 26-51-2602. Definitions - As used in this subchapter: (1) “Arkansas major historic rehabilitation...

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Arkansas Code Subtitle 5 - State Taxes Chapter 51 - Income Taxes

Arkansas Code
Subtitle 5 - State Taxes
Chapter 51 - Income Taxes