Browse Arkansas Code titles and sections
26-51-453. Health savings accounts.
Arkansas Code — all titles (historical 2020) · legal_authorities
26-51-453. Health savings accounts.
(a) Title 26 U.S.C. § 223(a)-(d), (e)(2), (f), and (g), as in effect on January 1, 2011, regarding a deduction from income for amounts deposited to health savings accounts, is adopted for purposes of computing Arkansas income tax liability.
(b) A health savings account is exempt from tax under this chapter unless it no longer meets the requirements of subsection (a) of this section.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-51-453
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.
Issuing source page ↗
Authority boundary: historical statutory source snapshot not current law.
Open the recorded source website ↗
Record provenance
Stable record: arkansas_code:legal_authorities:26-51-453
Source file: gov.ar.code.title.26.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 74d93c8df9ebb94024fdb5ab1e3b3091ce4406ada7086b421107ac250ad748f3
Source location: content.xml paragraph 13144
Stored source content
26-51-453. Health savings accounts.
(a) Title 26 U.S.C. § 223(a)-(d), (e)(2), (f), and (g), as in effect on January 1, 2011, regarding a deduction from income for amounts deposited to health savings accounts, is adopted for purposes of computing Arkansas income tax liability.
(b) A health savings account is exempt from tax under this chapter unless it no longer meets the requirements of subsection (a) of this section.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Deduction allowed** In the case of an individual who is an eligible individual for any month during the taxable year, there shall be allowed as a deduction for the taxable year an amount equal to the aggregate amount paid in cash during such taxable year by or on behalf of such individual to a health savings account of such individual.
**(b) Limitations**
(1) **In general** — The amount allowable as a deduction under subsection (a) to an individual for the taxable year shall not exceed the sum of the monthly limitations for months during such taxable year that the individual is an eligible individual.
(2) **Monthly limitation** — The monthly limitation for any month is 1⁄12 of—
(A) in the case of an eligible individual who has self-only coverage under a high deductible health plan as of the first day of such month, $2,250.
(B) in the case of an eligible individual who has family coverage under a high deductible health plan as of the first day of such month, $4,500.
(3) **Additional contributions for individuals 55 or older**
(A) *In general* — In the case of an individual who has attained age 55 before the close of the taxable year, the applicable limitation under subparagraphs (A) and (B) of paragraph (2) shall be increased by the additional contribution amount.
(B) *Additional contribution amount* — For purposes of this section, the additional contribution amount is the amount determined in accordance with the following table: For taxable years beginning in:The additional contribution amount is: 2004$500 2005$600 2006$700 2007$800 2008$900 2009 and thereafter$1,000.
(4) **Coordination with other contributions** — The limitation which would (but for this paragraph) apply under this subsection to an individual for any taxable year shall be reduced
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 223
Stored review status: release_metadata_unconfirmed. The source passage cites 26 U.S.C. § 223. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
Page 969
TITLE 26—INTERNAL REVENUE CODE
§ 223
EFFECTIVE DATE OF 2004 AMENDMENTS
Amendment by Pub. L. 108–357 applicable to taxable
years beginning after Dec. 31, 2004, see section 102(e) of
Pub. L. 108–357, set out as a note under section 56 of
this title.
Amendment by section 207(20) of Pub. L. 108–311 appli-
cable to taxable years beginning after Dec. 31, 2004, see
section 208 of Pub. L. 108–311, set out as a note under
section 2 of this title.
EFFECTIVE DATE OF 2001 AMENDMENT
Amendment by section 402(b)(2)(B) of Pub. L. 107–16
applicable to taxable years beginning after Dec. 31,
2001, see section 402(h) of Pub. L. 107–16, set out as a
note under section 72 of this title.
Pub. L. 107–16, title IV, § 412(a)(3), June 7, 2001, 115
Stat. 64, provided that: ‘‘The amendments made by this
subsection [amending this section and section 6050S of
this title] shall apply with respect to any loan interest
paid after December 31, 2001, in taxable years ending
after such date.’’
Pub. L. 107–16, title IV, § 412(b)(3), June 7, 2001, 115
Stat. 64, provided that: ‘‘The amendments made by this
subsection [amending this section] shall apply to tax-
able years ending after December 31, 2001.’’
Amendment by section 431(c)(2) of Pub. L. 107–16 ap-
plicable to payments made in taxable years beginning
after Dec. 31, 2001, see section 431(d) of Pub. L. 107–16,
set out as a note under section 62 of this title.
EFFECTIVE DATE OF 1998 AMENDMENTS
Amendment by Pub. L. 105–277 effective as if included
in the provision of the Taxpayer Relief Act of 1997, Pub.
L. 105–34, to which such amendment relates, see section
4003(l) of Pub. L. 105–277, set out as a note under section
86 of this title.
Amendment by Pub. L. 105–206 effective, except as
otherwise provided, as if includ
Source: Supplied 2024 U.S. Code historical extraction · 26 U.S.C. § 223
Stored review status: historical_2024_not_currentness_verified. The source passage cites 26 U.S.C. § 223. This identifies an authority to review, not proof of applicability.