Taxpayers qualified under § 26-52-912(2) 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. The net operating loss deduction must be carried forward in the order named above.
Ark. Code Ann. § 26-52-913
Net operating loss deduction — Carry forward
Known as the Arkansas Gross Receipts Act
The act spans §§ 26-52-1001–26-52-914 (143 sections).
Acts 1991, No. 136, § 3; 1991, No. 137, § 3.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.