Ark. Code § 26-51-425

Current with legislation from 2024 Fiscal and Special Sessions.

Section 26-51-425 - Deductions - Worthless debts

In computing net income there shall be allowed as deductions debts ascertained to be worthless and actually charged off the books of the taxpayer within the income year.

Acts 1929, No. 118, Art. 3, § 13; Pope's Dig., § 14036; Acts 1957, No. 147, § 1; A.S.A. 1947, § 84-2016.