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Code of Arkansas Rules Title 26 — Taxation

26 CAR § 100-131

Deductions — Charitable contributions — Arkansas Code § 26-51-419

Official textcodeofarrules.arkansas.gov

# (a)

Arkansas has adopted I.R.C. § 170 as referenced in Arkansas Code § 26-51-419.

# (b)

# (1)

I.R.C. § 170(d)(2)(B) does not allow unused contributions to increase NOL carry forward.

# (2)

It merely decreases net taxable income by accumulated contributions carry forward first up to ten percent (10%), therefore decreasing the amount of NOL used, and thus results in an increase of NOL for future years.

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In this chapter (40 sections)
  1. 100-111 · Claims for refunds of overpayments — Arkansas Code § 26-18-507
  2. 100-112 · Taxpayer Bill of Rights — Arkansas Code § 26-18-801 et seq
  3. 100-113 · Definitions — Arkansas Code § 26-51-102
  4. 100-114 · Nonresidents — Arkansas Code § 26-51-202
  5. 100-115 · Fiduciaries — Arkansas Code § 26-51-203
  6. 100-116 · Income from sale of home — Arkansas Code § 26-51-305…
  7. 100-117 · Compensation and benefits from military service — Arkansas…
  8. 100-118 · Retirement plans and disability benefits — Arkansas Code §…
  9. 100-119 · Tax year — Accounting method — Arkansas Code § 26-51-401
  10. 100-120 · Tax year — Basis for determining liability — Arkansas Code §…
  11. 100-121 · Income generally — Arkansas Code § 26-51-403
  12. 100-122 · Gross income generally — Arkansas Code § 26-51-404
  13. 100-123 · Partnership income — Arkansas Code § 26-51-405
  14. 100-124 · Federal Subchapter S adopted — Arkansas Code § 26-51-409
  15. 100-125 · Inventory — What constitutes inventory — Arkansas Code §…
  16. 100-126 · Gain or loss — Sales of property — Arkansas Code § 26-51-411
  17. 100-127 · Gain or loss — Exchange of property — Arkansas Code §…
  18. 100-128 · Corporate liquidations — Arkansas Code § 26-51-413
  19. 100-129 · Deferred compensation plans — Arkansas Code § 26-51-414
  20. 100-130 · Deductions — State income taxes — Arkansas Code § 26-51-416
  21. 100-131 · Deductions — Charitable contributions — Arkansas Code §…
  22. 100-132 · Deductions — Expenses — Arkansas Code § 26-51-423
  23. 100-133 · Deductions — Losses — Arkansas Code § 26-51-424
  24. 100-134 · Deductions — Worthless debts — Arkansas Code § 26-51-425
  25. 100-135 · Deductions — Net operating loss carryover — Arkansas Code §…
  26. 100-136 · Deductions — Depreciation — Expensing of property — Arkansas…
  27. 100-137 · Nonresidents or part-year residents — Arkansas Code §…
  28. 100-138 · Medical savings accounts — Arkansas Code § 26-51-436
  29. 100-139 · FASITs — Arkansas Code § 26-51-440
  30. 100-140 · Deduction — College and technical school tuition — Arkansas…
  31. 100-141 · Household and dependent care services — Arkansas Code §…
  32. 100-142 · Income from sources outside Arkansas — Arkansas Code §…
  33. 100-143 · Returns by individuals — Arkansas Code § 26-51-801
  34. 100-144 · Partnership returns — Arkansas Code § 26-51-802
  35. 100-145 · Fiduciary returns — Arkansas Code § 26-51-803
  36. 100-146 · Filing returns — Time and place — Forms — Arkansas Code §…
  37. 100-147 · Filing returns — Extensions of time — Arkansas Code §…
  38. 100-148 · Failure to file return or include income — Arkansas Code §…
  39. 100-149 · Receipts for taxes — Arkansas Code § 26-51-809
  40. 100-150 · Forms for tax practitioners — Fee charged by department —…
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