Arkansas Administrative Code
Agency 006 - Department of Finance and Administration
Division 05 - Division of Revenues
Regulation 1997-4 - Comprehensive Individual Income Tax Regulations
Rule 26-51-419 - DEDUCTIONS - CHARITABLE CONTRIBUTIONS
Rule 1.26-51-419 - Charitable Contributions
Universal Citation: AR Admin Rules 1.26-51-419
Current through Register Vol. 49, No. 9, September, 2024
Arkansas has adopted IRC Sec. 170 as referenced in ACA 26-51-419. IRC Sec 170(d)(2)(B) does not allow unused contributions to increase NOL carry forward. It merely decreases net taxable income by accumulated contributions carry forward first up to 10%, therefore, decreasing the amount of NOL used and thus results in an increase of NOL for future years.
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.
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