Arkansas § 26-51-439 Capitalization of certain expenses

Arkansas Statutes

§ 26-51-439 — Capitalization of certain expenses

(a)Title 26 U.S.C. § 263A(a)-

(h), as in effect on January 1, 2019, regarding capitalization and inclusion in inventory costs of certain expenses, are adopted for the purpose of computing Arkansas income tax liability.

(b)Title 26 U.S.C. § 195 , as in effect on January 1, 2001, regarding capitalization and amortization of a corporation's start-up expenses, is adopted for the purpose of computing Arkansas income tax liability.

(c)Title 26 U.S.C. § 248 , as in effect on January 1, 2005, regarding capitalization and amortization of a corporation's organizational expenses, is adopted for the purpose of computing Arkansas income tax liability.

(d)Title 26 U.S.C. § 709 , as in effect on January 1, 2007, regarding the amortization of partnership organizational expenses, is adopted for the pur

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(a) Title 26 U.S.C. § 263A(a)-(h) , as in effect on January 1, 2019, regarding capitalization and inclusion in inventory costs of certain expenses, are adopted for the purpose of computing Arkansas income tax liability. (b) Title 26 U.S.C. § 195 , as in effect on January 1, 2001, regarding capitalization and amortization of a corporation's start-up expenses, is adopted for the purpose of computing Arkansas income tax liability. (c) Title 26 U.S.C. § 248 , as in effect on January 1, 2005, regarding capitalization and amortization of a corporation's organizational expenses, is adopted for the purpose of computing Arkansas income tax liability. (d) Title 26 U.S.C. § 709 , as in effect on January 1, 2007, regarding the amortization of partnership organizational expenses, is adopted for the purpose of computing Arkansas income tax liability.

Arkansas § 26-51-439 (Capitalization of certain expenses) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Amended by Act 2019, No. 870,§ 11, eff. for tax years beginning on or after 1/1/2019. Acts 1989, No. 826, § 8; 2001, No. 773, § 9; 2005, No. 675, § 12; 2007, No. 218, §§ 29, 30.