§ 26-51-1203 - Arkansas Statutes

LexisNexis Practice Insights

Arkansas' Federal Non-Conformity with Net Operating Loss Carryforwards and Carrybacks for Corporations

26-51-1203. Net operating loss deduction -- Carry forward.

(a) Taxpayers qualified under 26-51-1202(a) and (b), 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 above.