§ 26-26-1502. Definitions

As used in this subchapter, unless the context otherwise requires: (1) “Business corporation” means a corporation incorporated under the Arkansas Business Corporation Act of 1987, § 4-27-101 et seq.; (2) “Financial institution” means a state bank or national bank, a savings and loan association, or a building and loan association as defined in subdivisions (3)-(5) […]

§ 26-26-1503. Personal property

For purposes of the ad valorem personal property tax, financial institutions shall assess and be taxed upon their personal property the same as other owners of personal property, except as may be prohibited by federal law.