§ 26-51-802 - Partnership returns. - Arkansas Statutes

26-51-802. Partnership returns.

(a) A partnership shall be classified and taxed for Arkansas income tax purposes in the same manner as it is classified and taxed for federal income tax purposes.

(b) (1) Every partnership filing an Arkansas partnership return shall state specifically the items of its gross income and the deductions allowed by this act and shall include in the return the names and addresses of individuals who would be entitled to share in the net income if distributed and the amount of the distributive share of each individual.

(2) The returns shall be sworn to by one (1) of the partners.

(c) (1) The provisions of 26-51-702 are not applicable to partnerships filing Arkansas partnership returns.

(2) Subject to the provisions of 26-51-202(e), all partnership income from activities within this state that is reflected on a partnership return shall be allocated to this state.