Tax status

A limited liability company and its member or members shall be classified and taxed for Arkansas income tax purposes in the same manner as the limited liability company and its member or members are classified and taxed for federal income tax purposes. Added by Act 2021, No. 1041,§ 26, eff. 7/28/2021. A limited liability company and its member or members shall be classified and taxed for Arkansas income tax purposes in the same manner as the limited liability company and its member or members are classified and taxed for federal income tax purposes. Added by Act 2021, No. 1041,§ 26, eff. 7/28/2021.