§ 26-51-204 - Railroads and public utilities.
26-51-204. Railroads and public utilities.
Every railroad or other public utility, whether organized under the laws of this state or any other state or the federal government, shall be subject to the provisions of this act and shall pay the state income tax levied by 26-51-201 et seq. upon that proportion of its entire net income applicable to the State of Arkansas.