Ark. Code R. 26-51-404 - 7(a)(1) (1997) - Scholarships, Fellowships, Grants and Stipends

26-51-404 - 7(a)(1) - Scholarships, Fellowships, Grants and Stipends

Rents received by a lessor corporation which are based on a rate of dividend or interest on capital stock or outstanding indebtedness, including any fixed tax or insurance payments, shall be reported by the lessor corporation as rental income.

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