Arkansas § 26-51-443 Allocation of unstated interest - Foregone interest

Arkansas Statutes

§ 26-51-443 — Allocation of unstated interest - Foregone interest

Arkansas § 26-51-443

Title26

This text of Arkansas § 26-51-443 (Allocation of unstated interest - Foregone interest) 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. § 26-51-443 (2026).

Text

(a)Title 26 U.S.C. § 483 , as in effect on January 1, 1999, regarding the allocation of unstated interest, is adopted for the purpose of computing Arkansas income tax liability.

(b)Title 26 U.S.C. § 7872 , as in effect on January 1, 2019, regarding the taxation of foregone interest on a below-market loan, is adopted for the purpose of computing Arkansas income tax liability.

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Legislative History

Amended by Act 2019, No. 870,§ 13, eff. for tax years beginning on or after 1/1/2019. Acts 1993, No. 785, § 10; 1997, No. 951, § 18; 1999, No. 1126, § 37; 2007, No. 218, § 32.