§ 26-51-702 - Arkansas Statutes

LexisNexis Practice Insights

1. Deciphering the Financial Accounting Standards Board Interpretation (FIN) 48

2. Implementing FIN 48: Intercompany Transactions, Economic Presence, and Affiliate Nexus

3. Understanding Mead and its Application to Business and Non-Business Income

4. Implementing Financial Accounting Standards Board Interpretation (FIN) 48: U.S. Supreme Court Case Law Evaluating Unitary and Non-Unitary Factors

26-51-702. Apportionment of net income authorized.

Any taxpayer having income from business activity which is taxable both within and without this state, other than activity as a public utility or the rendering of purely personal services by an individual, shall allocate and apportion his net income as provided in this subchapter.