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26-51-310. Foreign income exclusion.
Arkansas Code — all titles (historical 2020) · legal_authorities
26-51-310. Foreign income exclusion.
Title 26 U.S.C. §§ 911 and 912, as in effect on January 1, 2007, 26 U.S.C. § 911 regarding citizens or residents of the United States living abroad, and 26 U.S.C. § 912 regarding certain allowances for citizens or residents of the United States living abroad, are adopted for the purpose of computing Arkansas income tax liability.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-51-310
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Stable record: arkansas_code:legal_authorities:26-51-310
Source file: gov.ar.code.title.26.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 598b0ddf8aa4fef8cf01a7dca6356927aca056c98215bd6f819af0d1c6045dd7
Source location: content.xml paragraph 11876
Stored source content
26-51-310. Foreign income exclusion.
Title 26 U.S.C. §§ 911 and 912, as in effect on January 1, 2007, 26 U.S.C. § 911 regarding citizens or residents of the United States living abroad, and 26 U.S.C. § 912 regarding certain allowances for citizens or residents of the United States living abroad, are adopted for the purpose of computing Arkansas income tax liability.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Exclusion from gross income** At the election of a qualified individual (made separately with respect to paragraphs (1) and (2)), there shall be excluded from the gross income of such individual, and exempt from taxation under this subtitle, for any taxable year—
(1) the foreign earned income of such individual, and
(2) the housing cost amount of such individual.
**(b) Foreign earned income**
(1) **Definition** — For purposes of this section—
(A) *In general* — The term “foreign earned income” with respect to any individual means the amount received by such individual from sources within a foreign country or countries which constitute earned income attributable to services performed by such individual during the period described in subparagraph (A) or (B) of subsection (d)(1), whichever is applicable.
(B) *Certain amounts not included in foreign earned income* — The foreign earned income for an individual shall not include amounts—
(i) received as a pension or annuity,
(ii) paid by the United States or an agency thereof to an employee of the United States or an agency thereof,
(iii) included in gross income by reason of section 402(b) (relating to taxability of beneficiary of nonexempt trust) or section 403(c) (relating to taxability of beneficiary under a nonqualified annuity), or
(iv) received after the close of the taxable year following the taxable year in which the services to which the amounts are attributable are performed.
(2) **Limitation on foreign earned income**
(A) *In general* — The foreign earned income of an individual which may be excluded under subsection (a)(1) for any taxable year shall not exceed the amount of foreign earned income computed on a daily basis at an annual rate equal to the exclusion amount for t
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 911
Stored review status: release_metadata_unconfirmed. The source passage cites 26 U.S.C. § 911. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
Page 2151
TITLE 26—INTERNAL REVENUE CODE
§ 911
Editorial Notes
AMENDMENTS
2017—Subsec. (b). Pub. L. 115–97, § 14301(c)(29)(A), (C),
(D), substituted ‘‘specified 10-percent owned foreign
corporations’’ for ‘‘section 902 corporations’’ in head-
ing, ‘‘specified 10-percent owned foreign corporation (as
defined in section 245A(b) without regard to paragraph
(2) thereof)’’ for ‘‘section 902 corporation’’ in introduc-
tory provisions, and ‘‘by such specified 10-percent
owned foreign corporation or a domestic corporation
which is a United States shareholder with respect to
such specified 10-percent owned foreign corporation.’’
for ‘‘by such section 902 corporation or a domestic cor-
poration which meets the ownership requirements of
subsection (a) or (b) of section 902 with respect to such
section 902 corporation.’’ in concluding provisions.
Subsec. (b)(1). Pub. L. 115–97, § 14301(c)(29)(B), struck
out ‘‘902 or’’ after ‘‘for purposes of section’’.
Subsec. (d)(5). Pub. L. 115–97, § 14301(c)(30), struck out
par. (5). Text read as follows: ‘‘The term ‘section 902
corporation’ means any foreign corporation with re-
spect to which one or more domestic corporations
meets the ownership requirements of subsection (a) or
(b) of section 902.’’
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 2017 AMENDMENT
Amendment by Pub. L. 115–97 applicable to taxable
years of foreign corporations beginning after Dec. 31,
2017, and to taxable years of United States shareholders
in which or with which such taxable years of foreign
corporations end, see section 14301(d) of Pub. L. 115–97,
set out as a note under section 78 of this title.
EFFECTIVE DATE
Pub. L. 111–226, title II, § 211(c), Aug. 10, 2010, 124 Stat.
2395, provided that: ‘‘The amendments made by this
Source: Supplied 2024 U.S. Code historical extraction · 26 U.S.C. § 911
Stored review status: historical_2024_not_currentness_verified. The source passage cites 26 U.S.C. § 911. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
The following items shall not be included in gross income, and shall be exempt from taxation under this subtitle:
(1) **Foreign areas allowances** — In the case of civilian officers and employees of the Government of the United States, amounts received as allowances or otherwise (but not amounts received as post differentials) under—
(A) chapter 9 of title I of the Foreign Service Act of 1980,
(B) section 4 of the Central Intelligence Agency Act of 1949, as amended ([50 U.S.C. 3505](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section3505&num=0&edition=prelim)),
(C) title II of the Overseas Differentials and Allowances Act, or
(D) subsection (e) or (f) of the first section of the Administrative Expenses Act of 1946, as amended, or section 22 of such Act.
(2) **Cost-of-living allowances** — In the case of civilian officers or employees of the Government of the United States stationed outside the continental United States (other than Alaska), amounts (other than amounts received under title II of the Overseas Differentials and Allowances Act) received as cost-of-living allowances in accordance with regulations approved by the President (or in the case of judicial officers or employees of the United States, in accordance with rules similar to such regulations).
(3) **Peace Corps allowances** — In the case of an individual who is a volunteer or volunteer leader within the meaning of the Peace Corps Act and members of his family, amounts received as allowances under section 5 or 6 of the Peace Corps Act other than amounts received as—
(A) termination payments under section 5(c) or section 6(1) of such Act,
(B) leave allowances,
(C) if such individual is a volunteer leader training in the United States, allowances to members of
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 912
Stored review status: release_metadata_unconfirmed. The source passage cites 26 U.S.C. § 912. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
Page 2159
TITLE 26—INTERNAL REVENUE CODE
§ 912
Committee on Ways and Means of the House of Rep-
resentatives and to the Committee on Finance of the
Senate on the operation and effects of sections 911 and
912 of the Internal Revenue Code of 1986 [formerly
I.R.C. 1954].
‘‘(b) INFORMATION
FROM
FEDERAL
AGENCIES.—Each
agency of the Federal Government which pays allow-
ances excludable from gross income under section 912 of
such Code shall keep such records and furnish to the
Secretary of the Treasury such information as he de-
termines to be necessary to carry out his responsibility
under subsection (a).’’
§ 912. Exemption for certain allowances
The following items shall not be included in
gross income, and shall be exempt from taxation
under this subtitle:
(1) Foreign areas allowances
In the case of civilian officers and employees
of the Government of the United States,
amounts received as allowances or otherwise
(but not amounts received as post differen-
tials) under—
(A) chapter 9 of title I of the Foreign Serv-
ice Act of 1980,
(B) section 4 of the Central Intelligence
Agency Act of 1949, as amended (50 U.S.C.
3505),
(C) title II of the Overseas Differentials
and Allowances Act, or
(D) subsection (e) or (f) of the first section
of the Administrative Expenses Act of 1946,
as amended, or section 22 of such Act.
(2) Cost-of-living allowances
In the case of civilian officers or employees
of the Government of the United States sta-
tioned outside the continental United States
(other than Alaska), amounts (other than
amounts received under title II of the Over-
seas Differentials and Allowances Act) re-
ceived as cost-of-living allowances in accord-
ance with regulations approved by the Presi-
dent (or in the case of judicial officers or em-
ploye
Source: Supplied 2024 U.S. Code historical extraction · 26 U.S.C. § 912
Stored review status: historical_2024_not_currentness_verified. The source passage cites 26 U.S.C. § 912. This identifies an authority to review, not proof of applicability.