Arkansas § 26-65-104 Liability for tax

Arkansas Statutes

§ 26-65-104 — Liability for tax

Arkansas § 26-65-104

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This text of Arkansas § 26-65-104 (Liability for tax) 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. § 26-65-104 (2026).

Text

(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.

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(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.