Arkansas Administrative Code
Agency 006 - Department of Finance and Administration
Division 05 - Division of Revenues
1998-1 - Comprehensive Corporation Income Tax Regulations
Rule 26-51-1213 - STEEL MILL TAX INCENTIVES
Rule 1.26-51-1213(a) - Credits and NOL

Universal Citation: AR Admin Rules 1.26-51-1213(a)
Current through Register Vol. 49, No. 9, September, 2024

Taxpayers may be eligible to claim both enterprise zone credits and a NOL deduction for the same tax year. If the NOL or credit cannot be fully claimed for the tax year in which established or earned, the remainder may be carried forward during the nine (9) consecutive tax years immediately following the tax year for which the credit or NOL is first established.

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