Arkansas Statutes
§ 23-18-910 — Tax treatment
Arkansas·Title 23
The Arkansas state income tax treatment of the following events will conform to the federal income tax treatment of the events:
(1)A utility's receipt of a financing order that creates storm recovery property for the benefit of the utility;
(2)The utility's receipt of cash or other valuable consideration in exchange for its transfer of the storm recovery property to an affiliate which is wholly owned, directly or indirectly, by the utility; and (3) The utility's receipt of cash or other valuable consideration in exchange for storm recovery bonds issued by the financing party.
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Arkansas § 23-18-910 (Tax treatment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Act 2021, No. 641,§ 1, eff. 4/12/2021. Acts 2009, No. 729, § 1.
Nearby Sections
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§ 23-1-101
Definitions§ 23-1-103
Compliance with Acts 1935, No. 324, and rules of commission required - Penalties for noncompliance§ 23-1-106
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Jurisdiction and venue of actions§ 23-1-110
Actions tried without jury - Exceptions§ 23-1-111
Copies of official papers as evidence§ 23-1-115
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