1.26 Ark. Code R. 51-805 - Generally
If two or more members of a federal consolidated group file an Arkansas consolidated return, all members who have income from sources within Arkansas must join in the filing of the Arkansas consolidated return. If a corporation is acquired by a parent corporation which has members that file a consolidated Arkansas return, the acquired corporation must join in the filing of the Arkansas consolidated return. If members of an Arkansas consolidated group are acquired by a new parent corporation, they may elect to file separate returns if the acquiring parent has no members who file an Arkansas consolidated return.
Notes
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