1.26 Ark. Code R. § 702 - Apportionment of Net Income Authorized
If a taxpayer's business activities occur both within and outside of Arkansas, the taxpayer shall apportion its business income and allocate any nonbusiness income to Arkansas as provided by Arkansas law. "Taxpayer" means any corporation, partnership, firm, association or person acting as a business entity in more than one state. See ACA 26-5-101, Art. II(3).
Notes
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