Arkansas Code Annotated
Ark. Code Ann. § 26-51-401 (2026)
Tax year — Accounting method
✓ current as of May 2026
History. Acts 1929, No. 118, Art. 3, § 9; Pope's Dig., § 14032; A.S.A. 1947, § 84-2012; Acts 1987, No. 382, § 12; 2019, No. 910, § 3709.
Amendments. The 2019 amendment substituted “Secretary of the Department of Finance and Administration” for “Director of the Department of Finance and Administration” in (b).
Case Notes
Change of Method.
Taxpayer using accrual basis, except as to one item, who changed accounting method so as to report entirely on accrual basis could do so without first obtaining permission when such change did not evade tax liability. Cook v. Coca Cola Bottling Co., 210 Ark. 928, 198 S.W.2d 193 (1946).
Notes of Decisions
Cited in 2
cases, 1999–2001 · leading case: Barclay v. First Paris Holding Co., 42 S.W.3d 496 (Ark. 2001).
Barclay v. First Paris Holding Co., 42 S.W.3d 496 (Ark. 2001). “For example, Ark.Code Ann. § 26-51-401 (Repl.1997) provides that a taxpayer must calculate his state income tax liability using the same accounting method as used for federal income tax purposes.”
Cent. & S. Companies, Inc. v. Weiss, 3 S.W.3d 294 (Ark. 1999). “We also note that Arkansas Code Annotated § 26-51-401 (Repl.1997), provides in part that " a taxpayer must calculate his Arkansas income tax liability using the same accounting method for Arkansas income tax purposes as used for federal income tax purposes.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.