Ark. Code Ann. » Title 26 Chapter 51
Arkansas Code Annotated

Ark. Code Ann. § 26-51-710 (2020)

Real and tangible personal property — Factor. [Repealed effective January 1, 2021.]

✓ Arkansas Code release r76: Acts through about 2020 (2021-2025 sessions missing)
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The property factor is a fraction, the numerator of which is the average value of the taxpayer's real and tangible personal property owned or rented and used in this state during the tax period and the denominator of which is the average value of all the taxpayer's real and tangible personal property owned or rented and used during the tax period.

History. Acts 1961, No. 413, § 10; A.S.A. 1947, § 84-2064.

Publisher's Notes. This section is repealed by Acts 2019, No. 822, § 8, effective January 1, 2021.

Effective Dates. Acts 2019, No. 822, § 27(b): “Sections 2-4 and 6-16 of this act are effective for tax years beginning on or after January 1, 2021.”

Case Notes

Cited: Pledger v. Getty Oil Exploration Co., 309 Ark. 257, 831 S.W.2d 121 (1992).

Notes of Decisions
Cited in 1 case, 1992–1992 · leading case: Pledger v. Getty Oil Expl. Co., 831 S.W.2d 121 (Ark. 1992).
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Pledger v. Getty Oil Expl. Co., 831 S.W.2d 121 (Ark. 1992). · cites it 2× “Ark. Code Ann. §§ 26-51-710 to -717 (1987).”
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