Arkansas Statutes
§ 26-65-104 — Liability for tax
Arkansas·Title 26
(a)Except as otherwise provided in this section, an affected business entity is liable for the tax imposed under this chapter.
(b)If an affected business entity fails to pay the full amount of tax due under this chapter, the Secretary of the Department of Finance and Administration, in addition to assessing the affected business entity for the tax liability, may assess the individual members of the affected business entity based on the member's pro rata share of the income as determined by the member's pro rata interest.
Free access — add to your briefcase to read the full text and ask questions with AI
Arkansas § 26-65-104 (Liability for tax) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Act 2021, No. 362,§ 2, eff. for tax years beginning on or after 1/1/2022..
Nearby Sections
15
§ 26-1-101
Definitions§ 26-17-201
Authority to employ§ 26-17-202
Attorneys§ 26-17-203
Field auditors§ 26-17-204
Bond§ 26-17-301
Performance required§ 26-17-302
Motor vehicle license fees§ 26-17-303
Petroleum products§ 26-17-304
Suits and other proceedings§ 26-17-401
Penalty§ 26-17-402
Authority to enter agreements§ 26-17-403
Powers and duties - Definition§ 26-17-404
Violations§ 26-17-501
Penalty§ 26-17-502
Duty to remit revenues