Statutes > Arkansas Statutes > Title 26 - Taxation > Subtitle 5 - State Taxes > Chapter 51 - Income Taxes > Subchapter 7 - Uniform Division of Income for Tax Purposes Act > § 26-51-711 - Original cost of property -- Annual rental rate.

§ 26-51-711 - Original cost of property -- Annual rental rate.

26-51-711. Original cost of property -- Annual rental rate.

Property owned by the taxpayer is valued at its original cost. Property rented by the taxpayer is valued at eight (8) times the net annual rental rate. Net annual rental rate is the annual rental rate paid by the taxpayer less any annual rental rate received by the taxpayer from subrentals.