§ 26-51-704 - Arkansas Statutes

LexisNexis Practice Insights

1. Implementing FIN 48: Evaluating Business and Non-Business Income Tax Positions and the Operational Connection Test

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

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

26-51-704. Nonbusiness income.

Rents and royalties from real or tangible personal property, capital gains, interest, dividends, or patent or copyright royalties, to the extent that they constitute nonbusiness income, shall be allocated as provided in 26-51-705 -- 26-51-708.