§ 26-51-445 - Adoption expenses. - Arkansas Statutes

26-51-445. Adoption expenses.

(a) Section 23 of the Internal Revenue Code of 1986, 26 U.S.C. 23, as in effect on January 1, 2003, is adopted for purposes of determining the allowable credit for adoption-related fees, costs, and expenses paid or incurred by a taxpayer.

(b) The amount of credit allowed against Arkansas income tax due shall be twenty percent (20%) of the federal credit as calculated pursuant to 26 U.S.C. 23.