Arkansas

The income received by an estate or trust will be considered attributable to Arkansas when the estate or trust's trustee, administrator, executor, or personal representative is a resident of Arkansas.

Income derived by a nonresident from intangible personal property located within Arkansas is not subject to Arkansas income tax.

Gains from the sale or exchange of capital assets shall be excluded to the extent that such gains are allocated to corpus and are not (A) paid, credited, or required to be distributed to any beneficiary during the taxable year, or (B) paid, permanently set aside, or to be used for the purposes specified in section 642(c).

(1) In general In the case of a qualified trust, any distribution in any taxable year beginning after the date of the enactment of this subsection shall be computed without regard to any undistributed net income. (2) Qualified trust For purposes of this subsection, the term 'qualified trust' means any trust other than- (A) a foreign trust (or, except as provided in regulations, a domestic trust which at any time was a foreign trust), or (B) a trust created before March 1, 1984, unless it is established that the trust would not be aggregated with other trusts under section 643(f) if such section applied to such trust.

Act 645 of 2003 repealed Arkansas Estate Tax for estates of those who died on or after January 1, 2005. No estate tax return is required by the State of Arkansas for any decedents after December 31, 2004.

The marginal income tax rates for 2025 are 3.9%, as amended in 2024.

Every resident, individual, trust, or estate having net income greater than ninety-four thousand seven hundred dollars ($94,700) shall determine the amount of income tax due ... $4,701 and above 3.7%

If the amount on line 7a is over $10,000,000, only enter $10,000,000. If less than $10,000,000, enter the total amount ... [multiply line 7b by] 50 percent (.50).

If the amount on line 7a is over $10,000,000, only enter $10,000,000. If less than $10,000,000, enter the total amount ... [multiply line 7b by] 50 percent (.50).

In the case of a taxpayer other than a corporation, if there is a net capital loss for any taxable year: (1) the excess of the net short-term capital loss over the net long-term capital gain for such year shall be a short-term capital loss in the succeeding taxable year, and (2) the excess of the net long-term capital loss over the net short-term capital gain for such year shall be a long-term capital loss in the succeeding taxable year.

Interest on obligations of other states and subdivisions are also fully taxable.

Interest on obligations of other states and subdivisions are also fully taxable.

Except as provided in subsection (b) of this section, 26 U.S.C. § 1400Z-2, as in effect on January 1, 2018, regarding opportunity zones, is adopted for the purpose of computing Arkansas income tax liability. As used in this section and for purposes of the adoption of 26 U.S.C. § 1400Z-2, 'opportunity zone' means a population census tract located in Arkansas that is designated as a qualified opportunity zone under 26 U.S.C. § 1400Z, as of January 1, 2019.

Title 26 U.S.C. § 1202, as in effect on January 1, 2017, regarding the exclusion from gain of certain small business stock, is adopted for the purpose of computing Arkansas income tax liability.

Interest you received from direct United States obligations, its possessions, the State of Arkansas, or any political subdivision of the State of Arkansas is exempt from tax.

Ordinary dividends are the most common type of distribution from a corporation and are paid out of the earnings and profits of the corporation. They are ordinary income to you and are fully taxable.

The marginal income tax rates for 2025 are 3.9%, as amended in 2024.

Stocks and obligations of the United States Government are exempt from taxation by a State or political subdivision of a State. The exemption applies to each form of taxation that would require the obligation, the interest on the obligation, or both, to be considered in computing a tax.

Any security issued under this chapter by a Federal home loan bank, including the stock thereof, shall be exempt from taxation, except taxes upon real estate, by any State, county, municipality, or local taxing authority.

The mortgages held by the Farm Credit Banks and the notes, bonds, debentures, and other obligations issued by the banks shall be considered and held to be instrumentalities of the United States and, as such, they and the income therefrom shall be exempt from all Federal, State, municipal, and local taxation, other than Federal income tax liability of the holder thereof under the Public Debt Act of 1941 (31 U.S.C. 3124).

In the case of a taxpayer other than a corporation, if there is a net capital loss for any taxable year: (1) the excess of the net short-term capital loss over the net long-term capital gain for such year shall be a short-term capital loss in the succeeding taxable year, and (2) the excess of the net long-term capital loss over the net short-term capital gain for such year shall be a long-term capital loss in the succeeding taxable year.

The marginal income tax rates for 2025 are 3.9%, as amended in 2024.

This article may be cited as the 'Uniform Community Property Disposition at Death Act.'

The amount of capital loss that can be deducted after offsetting capital gains is limited to $3,000 ($1,500 per taxpayer for filing Status 4 or 5). If your capital loss was more than the yearly limit on capital loss deductions, you can carry over the unused part to later years until used up.