Opinion No.
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The Honorable Ben Allen State Senator P.O. Box 2635 Little Rock, AR 72203

Dear Senator Allen:

This is in response to your request for an opinion regarding the adoption of federal "taxable income" for Arkansas tax purposes.

Please note that I have enclosed a copy of Opinion Number 88-332 which was recently provided in response to questions posed in this regard by Mr. Mahlon Martin, Director of the Department of Finance and Administration.

I believe the enclosed opinion addresses the same questions raised in your correspondence. It will hopefully provide sufficient guidance in considering these issues.