Ark. Code Ann. § 15-4-2404
This is the official text of Ark. Code Ann. § 15-4-2404, part of Arkansas’s Code Ann — part of the compiled statutory law of Arkansas, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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Net operating loss deduction - Carry forward
Official statutory text
(a) Taxpayers qualified for the benefits of this subchapter and entitled to a net operating loss deduction as provided in § 26-51-427 may carry forward that deduction to the next-succeeding taxable year following the year of the net operating loss and annually thereafter for a total period of ten (10) years or until the net operating loss has been exhausted, whichever is earlier. (b) The net operating loss deduction must be carried forward in the order named in subsection (a) of this section. Acts 2001, No. 541, § 4.
(a) Taxpayers qualified for the benefits of this subchapter and entitled to a net operating loss deduction as provided in § 26-51-427 may carry forward that deduction to the next-succeeding taxable year following the year of the net operating loss and annually thereafter for a total period of ten (10) years or until the net operating loss has been exhausted, whichever is earlier.
(b) The net operating loss deduction must be carried forward in the order named in subsection (a) of this section.
Acts 2001, No. 541, § 4.
(a) Taxpayers qualified for the benefits of this subchapter and entitled to a net operating loss deduction as provided in § 26-51-427 may carry forward that deduction to the next-succeeding taxable year following the year of the net operating loss and annually thereafter for a total period of ten (10) years or until the net operating loss has been exhausted, whichever is earlier.
(b) The net operating loss deduction must be carried forward in the order named in subsection (a) of this section.
Acts 2001, No. 541, § 4.
Status: in_force
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