Rents and royalties from real or tangible personal property, capital gains, interest, dividends, or patent or copyright royalties, to the extent that they constitute nonbusiness income, shall be allocated as provided in §§ 26-51-705 — 26-51-708.
Ark. Code Ann. § 26-51-704
Nonbusiness income
Applied in 1 court decision — leading case Pledger v. Getty Oil Exploration Co. (1992)
Most recently applied in Pledger v. Getty Oil Exploration Co. (May 1992)
Acts 1961, No. 413, § 4; A.S.A. 1947, § 84-2058.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.