Ark. Code Ann. § 26-51-409 (2026)
Federal Subchapter S adopted
History. Acts 1979, No. 414, § 1; 1983, No. 51, §§ 1, 3; A.S.A. 1947, § 84-2004.1; Acts 1987, No. 382, § 3; 1989, No. 826, § 22; 1991, No. 685, § 2; 1993, No. 785, § 7; 1997, No. 951, § 17; 1999, No. 1126, § 24; 2003, No. 663, § 7; 2005, No. 261, § 1; 2005, No. 675, § 6; 2007, No. 218, § 18; 2007, No. 380, § 1; 2009, No. 372, § 10; 2011, No. 787, § 15; 2013, No. 1254, § 5; 2015, No. 580, § 15; 2017, No. 155, § 15; 2017, No. 434, § 1; 2017, No. 884, § 16; 2019, No. 870, § 3; 2019, No. 910, § 3713.
Amendments. The 2009 amendment substituted “2009” for “2007” in (a).
The 2011 amendment substituted “January 1, 2011” for “January 1, 2009” in (a).
The 2013 amendment substituted “January 2, 2013” for “January 1, 2011” in (a).
The 2015 amendment substituted “January 1, 2015” for “January 2, 2013” in (a).
The 2017 amendment by No. 155 substituted “January 1, 2017” for “January 1, 2015” in (a).
The 2017 amendment by No. 434 rewrote (b)(1) and (b)(2).
The 2017 amendment by No. 884 substituted “January 1, 2017” for “January 1, 2015” in (a).
The 2019 amendment by No. 870 substituted “January 1, 2019” for “January 1, 2017” in (a).
The 2019 amendment by No. 910 substituted “Secretary of the Department of Finance and Administration” for “director” in (c)(1).
Effective Dates. Acts 2015, No. 580, § 21: effective for tax years beginning on or after January 1, 2014.
Acts 2017, No. 155, § 25: effective for tax years beginning on and after January 1, 2015.
Acts 2017, No. 434, § 3: effective for tax years beginning on and after January 1, 2018.
Acts 2019, No. 870, § 15: effective for tax years beginning on and after January 1, 2019.
Research References
U. Ark. Little Rock L. Rev.
Tyler, Survey of Business Law, 3 U. Ark. Little Rock L.J. 149.
Legislation of the 1983 General Assembly, Taxation, 6 U. Ark. Little Rock L.J. 636.
Survey of Legislation, 2003 Arkansas General Assembly, Education Law, Income Tax Computation, 26 U. Ark. Little Rock L. Rev. 381.