If the allocation and apportionment provisions of this Act do not fairly represent the extent of the taxpayer's business activity in this state, the taxpayer may petition for or the Secretary of the Department of Finance and Administration may require, in respect to all or any part of the taxpayer's business activity, if reasonable:
Ark. Code Ann. § 26-51-718
Procedure when allocation does not fairly represent taxpayer's business activity. [Effective until January 1, 2021.]
Applied in 1 court decision — leading case Leathers v. Jacuzzi, Inc. (1996)
Most recently applied in Leathers v. Jacuzzi, Inc. (December 1996)
Acts 1961, No. 413, § 18; A.S.A. 1947, § 84-2072; Acts 2019, No. 910, § 3730.
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.