Arkansas Administrative Code
Agency 006 - Department of Finance and Administration
Division 05 - Division of Revenues
1998-1 - Comprehensive Corporation Income Tax Regulations
Rule 26-51-404 - GROSS INCOME GENERALLY
Rule 19.26-51-404(a)(1) - Stock Distributions
Universal Citation: AR Admin Rules 19.26-51-404(a)(1)
Current through Register Vol. 49, No. 9, September, 2024
The issuance of its own stock by a corporation as a dividend to its shareholders does not result in taxable income to such shareholders. However, any gain derived from the sale of such stock by the shareholders is taxable to the shareholders. Distributions received by shareholders from regulated investment companies are, by reason of the shareholder's option to receive the equivalent of cash or new stock, deemed to be a cash dividend and are therefore taxable.
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