Arkansas Administrative Code
Agency 006 - Department of Finance and Administration
Division 05 - Division of Revenues
Regulation 1997-4 - Comprehensive Individual Income Tax Regulations
Rule 26-51-404 - GROSS INCOME GENERALLY
Rule 1.26-51-404(b)(5) - Gifts
Universal Citation: AR Admin Rules 1.26-51-404(b)(5)
Current through Register Vol. 49, No. 9, September, 2024
A gift is where a capable donor with the intention of making a gift completes delivery of a property to a donee who, in turn, accepts the property. Property received as a gift is exempt from income tax although the income therefrom derived from investment, sale or otherwise, is taxable.
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
