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006.05.307-26-51-419. DEDUCTIONS - CHARITABLE CONTRIBUTIONS

AR ADC 006.05.307-26-51-419Arkansas Administrative Code

West's Arkansas Administrative Code
Title 006. Department of Finance and Administration
Division 05. Division of Revenues
Rule 307. Comprehensive Individual Income Tax Regulations (Refs & Annos)
Ark. Admin. Code 006.05.307-26-51-419
006.05.307-26-51-419. DEDUCTIONS - CHARITABLE CONTRIBUTIONS
1.26-51-419 Charitable Contributions
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.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 006.05.307-26-51-419, AR ADC 006.05.307-26-51-419
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