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26-51-718. Procedure when allocation does not fairly represent taxpayer's business activity. [Effective January 1, 2021.]
Arkansas Code — all titles (historical 2020) · legal_authorities
26-51-718. Procedure when allocation does not fairly represent taxpayer's business activity. [Effective January 1, 2021.]
If the allocation and apportionment provisions of this Act do not fairly represent the extent of the taxpayer's business activity in this state, the taxpayer may petition for or the Secretary of the Department of Finance and Administration may require, in respect to all or any part of the taxpayer's business activity, if reasonable:
(a) separate accounting;
(b) the inclusion of one or more additional factors which will fairly represent the taxpayer's business activity in this state; or
(c) the employment of any other method to effectuate an equitable allocation and apportionment of the taxpayer's income.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-51-718
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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Record provenance
Stable record: arkansas_code:legal_authorities:26-51-718:variant2
Source file: gov.ar.code.title.26.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 13fea8034d54c3af57f3a796964c991f95b990b6f2d5ad9268e7b9c2d9c0fb00
Source location: content.xml paragraph 14217
Stored source content
26-51-718. Procedure when allocation does not fairly represent taxpayer's business activity. [Effective January 1, 2021.]
If the allocation and apportionment provisions of this Act do not fairly represent the extent of the taxpayer's business activity in this state, the taxpayer may petition for or the Secretary of the Department of Finance and Administration may require, in respect to all or any part of the taxpayer's business activity, if reasonable:
(a) separate accounting;
(b) the inclusion of one or more additional factors which will fairly represent the taxpayer's business activity in this state; or
(c) the employment of any other method to effectuate an equitable allocation and apportionment of the taxpayer's income.
Cross-references
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Arkansas Code — all titles (historical 2020) · legal_authorities
26-51-718. Procedure when allocation does not fairly represent taxpayer's business activity. [Effective until January 1, 2021.]
If the allocation and apportionment provisions of this Act do not fairly represent the extent of the taxpayer's business activity in this state, the taxpayer may petition for or the Secretary of the Department of Finance and Administration may require, in respect to all or any part of the taxpayer's business activity, if reasonable:
(a) separate accounting;
(b) the exclusion of any one or more of the factors;
(c) the inclusion of one or more additional factors which will fairly represent the taxpayer's business activity in this state; or
(d) the employment of any other method to effectuate an equitable allocation and apportionment of the taxpayer's income.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-51-718
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. Same stored citation; legal effect and authority still require review.