Arkansas § 26-51-718 Procedure when allocation does not fairly represent taxpayer's business activity

Arkansas Statutes

§ 26-51-718 — Procedure when allocation does not fairly represent taxpayer's business activity

Arkansas § 26-51-718

Title26

This text of Arkansas § 26-51-718 (Procedure when allocation does not fairly represent taxpayer's business activity) 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. § 26-51-718 (2026).

Text

If the allocation and apportionment provisions of this Act do not fairly represent the extent of the taxpayer's business activity in this state, the taxpayer may petition for or the Secretary of the Department of Finance and Administration may require, in respect to all or any part of the taxpayer's business activity, if reasonable:

(a)separate accounting;

(b)the inclusion of one or more additional factors which will fairly represent the taxpayer's business activity in this state; or (c) the employment of any other method to effectuate an equitable allocation and apportionment of the taxpayer's income.

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If the allocation and apportionment provisions of this Act do not fairly represent the extent of the taxpayer's business activity in this state, the taxpayer may petition for or the Secretary of the Department of Finance and Administration may require, in respect to all or any part of the taxpayer's business activity, if reasonable: (a) separate accounting; (b) the inclusion of one or more additional factors which will fairly represent the taxpayer's business activity in this state; or (c) the employment of any other method to effectuate an equitable allocation and apportionment of the taxpayer's income.

Legislative History

Amended by Act 2019, No. 822,§ 9, eff. 1/1/2021. Amended by Act 2019, No. 910,§ 3730, eff. 7/1/2019. Acts 1961, No. 413, § 18; A.S.A. 1947, § 84-2072.