Arkansas Administrative Code
Agency 006 - Department of Finance and Administration
Division 05 - Division of Revenues
Rule 006.05.94-003 - Regulation 1994-2 Income Tax

Universal Citation: AR Admin Rules 006.05.94-003
Current through Register Vol. 49, No. 9, September, 2024

SUBJECT: STANDARD MILEAGE RATES FOR INCOME TAX PURPOSES

The Commissioner of Revenues, pursuant to his authority under Ark. Code Ann. § 26-18-301 and Ark. Code Ann. § 26-51-423(a)(3) (Supp. 1993), does hereby issue the following regulation. This regulation supersedes Revenue Division Regulation 1992-3.

The optional standard mileage rate, for use by employees or self-employed individuals in computing the income tax deductible costs of operating passenger automobiles owned by them for business purposes, is twenty-nine cents (.29?) per mile.

The optional mileage rate for use by individuals in computing the income tax deductible costs of operating passenger automobiles owed by them for a charitable organization is twelve cents (. 12C) per mile.

The optional standard mileage rate for business use of a vehicle by a rural mail carrier is forty-three and one-half cents (.435C) per mile.

The optional standard mileage rate allowed in computing the cost of operating a car where transportation expenses are deductible as a medical expense is nine cents (.090) per mile.

The mileage rate stated above shall be in effect beginning on and after January 1, 1994.

Issued this 17 day of August, 1994, in the City of Little Rock, Arkansas.

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