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26-51-461. Deduction — Research and development.
Arkansas Code — all titles (historical 2020) · legal_authorities
26-51-461. Deduction — Research and development.
Title 26 U.S.C. §§ 174 and 280C, as in effect on January 1, 2019, concerning the deduction of research and development costs, are adopted for the purpose of computing Arkansas income tax liability.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-51-461
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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Stable record: arkansas_code:legal_authorities:26-51-461
Source file: gov.ar.code.title.26.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 2c02ca72f6195f268da751808c0e6c2d323e2eaeaeb02c60d0ddfdf225efa26c
Source location: content.xml paragraph 13226
Stored source content
26-51-461. Deduction — Research and development.
Title 26 U.S.C. §§ 174 and 280C, as in effect on January 1, 2019, concerning the deduction of research and development costs, are adopted for the purpose of computing Arkansas income tax liability.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** In the case of a taxpayer’s foreign research or experimental expenditures for any taxable year—
(1) except as provided in paragraph (2), no deduction shall be allowed for such expenditures, and
(2) the taxpayer shall—
(A) charge such expenditures to capital account, and
(B) be allowed an amortization deduction of such expenditures ratably over the 15-year period beginning with the midpoint of the taxable year in which such expenditures are paid or incurred.
**(b) Foreign research or experimental expenditures** For purposes of this section, the term “foreign research or experimental expenditures” means, with respect to any taxable year, research or experimental expenditures which are paid or incurred by the taxpayer during such taxable year in connection with the taxpayer’s trade or business and which are attributable to foreign research (within the meaning of section 41(d)(4)(F)).
**(c) Special rules**
(1) **Land and other property** — This section shall not apply to any expenditure for the acquisition or improvement of land, or for the acquisition or improvement of property to be used in connection with the research or experimentation and of a character which is subject to the allowance under section 167 (relating to allowance for depreciation, etc.) or section 611 (relating to allowance for depletion); but for purposes of this section allowances under section 167, and allowances under section 611, shall be considered as expenditures.
(2) **Exploration expenditures** — This section shall not apply to any expenditure paid or incurred for the purpose of ascertaining the existence, location, extent, or quality of any deposit of ore or other mineral (including oil and gas).
(3) **Software development** — For purposes of this section, any amo
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 174
Stored review status: release_metadata_unconfirmed. The source passage cites 26 U.S.C. § 174. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
Page 891
TITLE 26—INTERNAL REVENUE CODE
§ 174
duction shall not be allowed with respect to the
portion of such expenditures as, under regula-
tions prescribed by the Secretary, is chargeable
to capital account if the taxpayer elects, in ac-
cordance with such regulations, to treat such
portion as so chargeable. Such election, if made,
must be for the total amount of such portion of
the expenditures which is so chargeable to cap-
ital account, and shall be binding for all subse-
quent taxable years unless, upon application by
the taxpayer, the Secretary permits a revoca-
tion of such election subject to such conditions
as he deems necessary.
(b) Cross reference
For election of 3-year amortization of expendi-
tures allowable as a deduction under subsection (a),
see section 59(e).
(Aug. 16, 1954, ch. 736, 68A Stat. 65; Pub. L. 94–455,
title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat.
1834; Pub. L. 97–248, title II, § 201(d)(9)(A), for-
merly § 201(c)(9)(A), Sept. 3, 1982, 96 Stat. 420, re-
numbered § 201(d)(9)(A), Pub. L. 97–448, title III,
§ 306(a)(1)(A)(i), Jan. 12, 1983, 96 Stat. 2400; Pub.
L. 98–369, div. A, title VII, § 711(a)(3)(C), July 18,
1984, 98 Stat. 942; Pub. L. 99–514, title VII,
§ 701(e)(4)(D), Oct. 22, 1986, 100 Stat. 2343; Pub. L.
100–647, title I, § 1007(g)(5), Nov. 10, 1988, 102 Stat.
3435.)
Editorial Notes
AMENDMENTS
1988—Subsec. (b). Pub. L. 100–647 substituted ‘‘section
59(e)’’ for ‘‘section 59(d)’’.
1986—Subsec. (b). Pub. L. 99–514 substituted ‘‘section
59(d)’’ for ‘‘section 58(i)’’.
1984—Subsec. (b). Pub. L. 98–369 substituted ‘‘3-year’’
for ‘‘10-year’’.
1982—Pub. L. 97–248, § 201(d)(9)(A), designated existing
provisions as subsec. (a), added subsec. (a) heading, and
added subsec. (b).
1976—Pub. L. 94–455 struck out ‘
Source: Supplied 2024 U.S. Code historical extraction · 26 U.S.C. § 174
Stored review status: historical_2024_not_currentness_verified. The source passage cites 26 U.S.C. § 174. This identifies an authority to review, not proof of applicability.