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2015 Arkansas Code
Title 26 - Taxation
Subtitle 5 - State Taxes
Chapter 51 - Income Taxes
Subchapter 7 - Uniform Division of Income for Tax Purposes Act
§ 26-51-711 - Original cost of property -- Annual rental rate.

AR Code § 26-51-711 (2015) What's This?

Property owned by the taxpayer is valued at its original cost. Property rented by the taxpayer is valued at eight times the net annual rental rate. Net annual rental rate is the annual rental rate paid by the taxpayer less any annual rental rate received by the taxpayer from sub-rentals.

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