1.26 Ark. Code R. 51-205

Current through Register Vol. 49, No. 10, October, 2024

Rule 1.26-51-205 - Income Tax Rates

Every domestic and foreign corporation doing business within Arkansas shall pay a graduated income tax on its entire Arkansas net taxable income based on the following tax rate:

first $3,000 of net income	1.0%
second 3,000 of net income	2.0%
next 5,000 of net income	3.0%
next 14,000 of net income	5.0%
next 75,000 of net income	6.0%
over 100,000 of net income	6.5%

Note: A tax table is provided in each Corporation Income Tax Booklet and should be used in determining the tax.

Examples:

(1) $25,000 through $100,000 Tax is $940 plus 6% of excess over $25,000.

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(2) Over $100,000 Tax is $5,440 plus 6.5% of the excess over $100,000.

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1.26 Ark. Code R. 51-205