Arkansas Administrative Code
Agency 006 - Department of Finance and Administration
Division 05 - Division of Revenues
Regulation 1997-4 - Comprehensive Individual Income Tax Regulations
Rule 26-51-423 - 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 Sec. 274 as in effect 01/01/89 shall apply. For tax years 1995 and 1996, IRC Sec. 274 as in effect on 01/01/95 shall apply. Beginning with the 1997 tax year, IRC Sec. 274 as in effect on 01/01/97 shall apply. 80% of qualified expenses will be allowed for tax years beginning before 01/01/95, and 50% of qualified expenses will be allowed for tax years beginning on or after 01/01/95.
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