Arkansas Administrative Code
Agency 006 - Department of Finance and Administration
Division 05 - Division of Revenues
1998-1 - Comprehensive Corporation Income Tax Regulations
Rule 26-51-805 - CONSOLIDATED CORPORATE RETURNS
Rule 1.26-51-805 - Generally

If two or more members of a federal consolidated group file an Arkansas consolidated return, all members who have income from sources within Arkansas must join in the filing of the Arkansas consolidated return. If a corporation is acquired by a parent corporation which has members that file a consolidated Arkansas return, the acquired corporation must join in the filing of the Arkansas consolidated return. If members of an Arkansas consolidated group are acquired by a new parent corporation, they may elect to file separate returns if the acquiring parent has no members who file an Arkansas consolidated return.