Title 26 — Taxation
51 chapters · 1,912 sections in this title.
Ark. Code Ann. § 26-65-101 Title
0.1K chars
This chapter shall be known and may be cited as the “Elective Pass-Through Entity Tax Act”.
Ark. Code Ann. § 26-65-102 Definitions
2.4K chars
(1) As used in this chapter:(1) “Affected business entity” means a business entity in which members that hold more than fifty percent (50%) of the voting rights in the business entity elect on an annual basis before the due date or extended due date of the business entity's incom…
Ark. Code Ann. § 26-65-103 Pass-through entity tax
5.5K chars
(a) Before the fifteenth day of the fourth month of the taxable year, an affected business entity shall pay to the Secretary of the Department of Finance and Administration the tax determined under this section. (b) (1) (A) Except as provided in subdivision (b)(1)(B) of this sect…
Ark. Code Ann. § 26-65-104 Liability for tax
0.5K chars
(a) Except as otherwise provided in this section, an affected business entity is liable for the tax imposed under this chapter. (b) If an affected business entity fails to pay the full amount of tax due under this chapter, the Secretary of the Department of Finance and Administra…
Ark. Code Ann. § 26-65-105 Administration
0.2K chars
The Secretary of the Department of Finance and Administration shall administer and enforce this chapter in accordance with the Arkansas Tax Procedure Act, § 26-18-101 et seq.
Ark. Code Ann. § 26-65-106 Interest and penalty
0.1K chars
The interest and penalty provisions in the Arkansas Tax Procedure Act, § 26-18-101 et seq., apply to the tax imposed under this chapter.
Ark. Code Ann. § 26-65-107 Required annual payment — Definition
10.9K chars
(a) As used in this section, “required annual payment” means the lesser of:(1) Ninety percent (90%) of the tax due under this chapter for the taxable year; or(2) If the affected business entity filed a return for the preceding taxable year, one hundred percent (100%) of the tax d…
Ark. Code Ann. § 26-65-108 Report of pro rata interests
0.5K chars
(a) An affected business entity shall report on a form prescribed and furnished by the Secretary of the Department of Finance and Administration the pro rata interest of each member of the affected business entity. (b) Unless a member of an affected business entity demonstrates t…