2018 Arkansas Code
Title 26 - Taxation
Subtitle 5 - State Taxes
Chapter 59 - Estate Taxes
§ 26-59-102. Definitions
- As used in this chapter:
(1) "Decedent" includes the testator, intestate, grantor, bargainor, vendor, or donor;
(2) "Director" means the Director of the Department of Finance and Administration;
(3) "Executor" means the executor, administrator, curator, fiduciary, or custodian of property of a decedent, or if there is no executor, administrator, curator, fiduciary, or custodian appointed, qualified, and acting, then any person who is in the actual or constructive possession of any property included in the gross estate of the decedent;
(4) "Gross estate" means the gross estate as determined under the provisions of the applicable federal revenue act;
(5) "Net estate" means the net estate as determined under the provisions of the applicable federal revenue act;
(6) "Nonresident" means an individual or natural person domiciled without the State of Arkansas;
(7) "Person" means an individual, natural person, corporation, association, partnership, limited liability company, joint-stock company, business trust, and inter vivos trust;
(8) "Resident" means an individual or natural person domiciled in the State of Arkansas as provided by statute or otherwise;
(9) "Tangible personal property" means corporeal personal property, including money; and
(10) "Transfer" shall be taken to include the passing of property or any interest therein, in possession or enjoyment, present or future, by inheritance, descent, devise, succession, bequest, grant, deed, bargain, sale, gift, or appointment in the manner described in this chapter.
