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 8.26-51-404(a)(1) - Sale of Stock Shares
Universal Citation: AR Admin Rules 8.26-51-404(a)(1)
Current through Register Vol. 49, No. 9, September, 2024
The proceeds from the sale by a corporation of its capital stock, either through original issue or secondary transactions, whether in excess of or less than par value or purchase cost, constitute a capital transaction of the company and will not produce taxable income nor a deductible loss for the corporation.
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