Statutes > Arkansas Statutes > Title 26 - Taxation > Subtitle 5 - State Taxes > Chapter 51 - Income Taxes > Subchapter 4 - Computation of Tax Liability > § 26-51-448 - Educational individual retirement accounts.

§ 26-51-448 - Educational individual retirement accounts.

26-51-448. Educational individual retirement accounts.

(a) Section 530 of the Internal Revenue Code of 1986, as in effect on January 1, 2009, relating to educational individual retirement accounts, is adopted for the purposes of computing Arkansas income tax liability.

(b) Any additional tax or penalty imposed by this section shall be ten percent (10%) of the amount of any additional tax or penalty provided in the federal income tax law adopted by this section.