§ 26-51-709 - 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

26-51-709. Business income.

All business income shall be apportioned to this state by multiplying the income by a fraction, the numerator of which is the property factor plus the payroll factor plus double the sales factor, and the denominator of which is four (4).