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006.05.308-26-51-704. NONBUSINESS INCOME

AR ADC 006.05.308-26-51-704Arkansas Administrative Code

West's Arkansas Administrative Code
Title 006. Department of Finance and Administration
Division 05. Division of Revenues
Rule 308. Comprehensive Corporation Income Tax Regulations (Refs & Annos)
Ark. Admin. Code 006.05.308-26-51-704
006.05.308-26-51-704. NONBUSINESS INCOME
Currentness
1.26-51-704 Allocation of Nonbusiness Income
Generally, a taxpayer's nonbusiness income will be allocated to the state in which the taxpayer has its commercial domicile (that is, home office or corporate headquarters). However, under certain circumstances, a taxpayer's income from rents, royalties and capital gains may be allocable to Arkansas even though the taxpayer's commercial domicile is not located in Arkansas. See ACA 26-51-705 through 26-51-708.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 006.05.308-26-51-704, AR ADC 006.05.308-26-51-704
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