Ark. Code Ann. § 26-51-443: Allocation of unstated interest - Foregone interest

(a) Title 26 U.S.C. § 483 , as in effect on January 1, 1999, regarding the allocation of unstated interest, is adopted for the purpose of computing Arkansas income tax liability.

(b) Title 26 U.S.C. § 7872 , as in effect on January 1, 2019, regarding the taxation of foregone interest on a below-market loan, is adopted for the purpose of computing Arkansas income tax liability.