1.26 Ark. Code R. 51-419
Current through Register Vol. 49, No. 10, October, 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.
1.26 Ark. Code R. 51-419