Statutes > Arkansas Statutes > Title 26 - Taxation > Subtitle 5 - State Taxes > Chapter 51 - Income Taxes > Subchapter 4 - Computation of Tax Liability > § 26-51-408 - Dividends of financial institutions taxable.

§ 26-51-408 - Dividends of financial institutions taxable.

26-51-408. Dividends of financial institutions taxable.

Dividends paid on shares of stock of financial institutions shall be subject to income tax under the Arkansas Income Tax Act, as amended, 26-51-101 et seq., on the same basis as dividends on shares of stock of business corporations.