Arkansas Administrative Code
Agency 006 - Department of Finance and Administration
Division 05 - Division of Revenues
1998-1 - Comprehensive Corporation Income Tax Regulations
Rule 26-51-440 - FEDERAL SUBCHAPTER M
Rule 1.26-51-440 - Federal Subchapter M Adopted
Universal Citation: AR Admin Rules 1.26-51-440
Current through Register Vol. 49, No. 9, September, 2024
Subchapter M of the Internal Revenue Code as in effect on 01/01/97 has been adopted with the exception of its tax rates. Arkansas tax rates remain in effect as set forth in ACA 26-51-205. If a federal election is made relating to a RIC, REIT, FASIT or any other corporation registered as an investment company, the same election is automatically deemed to have been made for Arkansas income tax purposes.
If a corporation no longer qualifies as initially elected, then it must file an Arkansas corporation income tax return and be taxed as a "C" corporation.
Disclaimer: These regulations may not be the most recent version. Arkansas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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