2010 Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 1 - Development Of Economic And Natural Resources Generally
Chapter 4 - Development Of Business And Industry Generally
Subchapter 24 - Steel Manufacturers' Tax Exemptions and Credits
§ 15-4-2404 - Net operating loss deduction -- Carry forward.

15-4-2404. Net operating loss deduction -- Carry forward.

(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.