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26-51-444. Deductions — Soil and water conservation.
Arkansas Code — all titles (historical 2020) · legal_authorities
26-51-444. Deductions — Soil and water conservation.
Title 26 U.S.C. § 175, as in effect on January 1, 1995, regarding the deduction of certain expenditures related to soil and water conservation is hereby adopted.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-51-444
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:26-51-444
Source file: gov.ar.code.title.26.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 4d54d13ffe1619ce03bce66565f62520437c82f8467ca0c93eff52f8c33afbe6
Source location: content.xml paragraph 13063
Stored source content
26-51-444. Deductions — Soil and water conservation.
Title 26 U.S.C. § 175, as in effect on January 1, 1995, regarding the deduction of certain expenditures related to soil and water conservation is hereby adopted.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** A taxpayer engaged in the business of farming may treat expenditures which are paid or incurred by him during the taxable year for the purpose of soil or water conservation in respect of land used in farming, or for the prevention of erosion of land used in farming, or for endangered species recovery, as expenses which are not chargeable to capital account. The expenditures so treated shall be allowed as a deduction.
**(b) Limitation** The amount deductible under subsection (a) for any taxable year shall not exceed 25 percent of the gross income derived from farming during the taxable year. If for any taxable year the total of the expenditures treated as expenses which are not chargeable to capital account exceeds 25 percent of the gross income derived from farming during the taxable year, such excess shall be deductible for succeeding taxable years in order of time; but the amount deductible under this section for any one such succeeding taxable year (including the expenditures actually paid or incurred during the taxable year) shall not exceed 25 percent of the gross income derived from farming during the taxable year.
**(c) Definitions** For purposes of subsection (a)—
(1) The term “expenditures which are paid or incurred by him during the taxable year for the purpose of soil or water conservation in respect of land used in farming, or for the prevention of erosion of land used in farming, or for endangered species recovery” means expenditures paid or incurred for the treatment or moving of earth, including (but not limited to) leveling, grading and terracing, contour furrowing, the construction, control, and protection of diversion channels, drainage ditches, earthen dams, watercourses, outlets, and ponds, the eradication of brush, and the plan
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 175
Stored review status: release_metadata_unconfirmed. The source passage cites 26 U.S.C. § 175. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
Page 893
TITLE 26—INTERNAL REVENUE CODE
§ 175
§ 175. Soil and water conservation expenditures;
endangered species recovery expenditures
(a) In general
A taxpayer engaged in the business of farming
may treat expenditures which are paid or in-
curred by him during the taxable year for the
purpose of soil or water conservation in respect
of land used in farming, or for the prevention of
erosion of land used in farming, or for endan-
gered species recovery, as expenses which are
not chargeable to capital account. The expendi-
tures so treated shall be allowed as a deduction.
(b) Limitation
The amount deductible under subsection (a)
for any taxable year shall not exceed 25 percent
of the gross income derived from farming during
the taxable year. If for any taxable year the
total of the expenditures treated as expenses
which are not chargeable to capital account ex-
ceeds 25 percent of the gross income derived
from farming during the taxable year, such ex-
cess shall be deductible for succeeding taxable
years in order of time; but the amount deduct-
ible under this section for any one such suc-
ceeding taxable year (including the expenditures
actually paid or incurred during the taxable
year) shall not exceed 25 percent of the gross in-
come derived from farming during the taxable
year.
(c) Definitions
For purposes of subsection (a)—
(1) The term ‘‘expenditures which are paid or
incurred by him during the taxable year for
the purpose of soil or water conservation in re-
spect of land used in farming, or for the pre-
vention of erosion of land used in farming, or
for endangered species recovery’’ means ex-
penditures paid or incurred for the treatment
or moving of earth, including (but not limited
to) leveling, grading and terracing, contour
furrowi
Source: Supplied 2024 U.S. Code historical extraction · 26 U.S.C. § 175
Stored review status: historical_2024_not_currentness_verified. The source passage cites 26 U.S.C. § 175. This identifies an authority to review, not proof of applicability.