Arkansas § 23-18-910 Tax treatment

Arkansas Statutes

§ 23-18-910 — Tax treatment

Arkansas § 23-18-910

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This text of Arkansas § 23-18-910 (Tax treatment) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 23-18-910 (2026).

Text

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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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.