26-51-706. Capital gains and losses from sales of property.

Arkansas Code — all titles (historical 2020) · legal_authorities

26-51-706. Capital gains and losses from sales of property.

26-51-706. Capital gains and losses from sales of property. (a) Capital gains and losses from sales of real property located in this state are allocable to this state. (b) Capital gains and losses from sales of tangible personal property are allocable to this state if: (1) the property had a situs in this state at the time of the sale, or (2) the taxpayer's commercial domicile is in this state, or (3) the property has been included in depreciation which has been allocated to this state; in which event gains or losses on such sales shall be allocated on the percentage that is used in the formula for allocating income to Arkansas during the year of such sales. (c) Capital gains and losses from sales of intangible personal property are allocable to this state if the taxpayer's commercial domicile is in this state.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-51-706

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.