Arkansas Administrative Code
Agency 006 - Department of Finance and Administration
Division 05 - Division of Revenues
1998-1 - Comprehensive Corporation Income Tax Regulations
Rule 26-51-423 - DEDUCTIONS - EXPENSES
Rule 1.26-51-423(b) - Travel and Entertainment
Universal Citation: AR Admin Rules 1.26-51-423(b)
Current through Register Vol. 49, No. 9, September, 2024
For tax years beginning before 01/01/95, IRC Section 274 as in effect 01/01/89 shall apply. For tax years beginning on or after 01/01/95, IRC Section 274 as in effect 01/01/95 shall apply.
Eighty percent (80%) of qualified expenses will be allowed in tax years beginning before 01/01/95, and 50% of qualified expenses will be allowed in tax years beginning on or after 01/01/95. For tax years beginning on or after 01/01/97, IRC Section 274 as in effect on 01/01/97 shall apply. The percentage will gradually rise beginning in 1998 as set forth below:
|
For taxable years beginning in |
The applicable calendar year - percentage is - |
|
1998 or 1999 |
55% |
|
2000 or 2001 |
60% |
|
2002 or 2003 |
65% |
|
2004 or 2005 |
70% |
|
2006 or 2007 |
75% |
|
2008 or thereafter |
80% |
Disclaimer: These regulations may not be the most recent version. Arkansas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
