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7-6-222. Tax credits for certain individual political contributions.
Arkansas Code — all titles (historical 2020) · legal_authorities
7-6-222. Tax credits for certain individual political contributions.
(a) Pursuant to rules to be adopted by the Department of Finance and Administration, a credit against individual Arkansas income taxes shall be allowed for money contributions made by the taxpayer in a taxable year to one (1) or more of the following:
(1) A candidate seeking nomination or election to a public office at an election or to the candidate's campaign committee;
(2) An approved political action committee as defined in § 7-6-201; or
(3) An organized political party as defined in § 7-1-101.
(b) The credit allowed by subsection (a) of this section shall be the aggregate contributions, not to exceed fifty dollars ($50.00), on an individual tax return, or the aggregate contributions, not to exceed one hundred dollars ($100), on a joint return.
(c) Credits for contributions qualifying under this section and made prior to April 15 in a calendar year may be applied to the return filed for the previous taxable year.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 7-6-222
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:7-6-222
Source file: gov.ar.code.title.07.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 1dfb35e8868955a5ba790c6f2e4d929c934faecf3829d9b4181635ce084bb6a9
Source location: content.xml paragraph 5348
Stored source content
7-6-222. Tax credits for certain individual political contributions.
(a) Pursuant to rules to be adopted by the Department of Finance and Administration, a credit against individual Arkansas income taxes shall be allowed for money contributions made by the taxpayer in a taxable year to one (1) or more of the following:
(1) A candidate seeking nomination or election to a public office at an election or to the candidate's campaign committee;
(2) An approved political action committee as defined in § 7-6-201; or
(3) An organized political party as defined in § 7-1-101.
(b) The credit allowed by subsection (a) of this section shall be the aggregate contributions, not to exceed fifty dollars ($50.00), on an individual tax return, or the aggregate contributions, not to exceed one hundred dollars ($100), on a joint return.
(c) Credits for contributions qualifying under this section and made prior to April 15 in a calendar year may be applied to the return filed for the previous taxable year.
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Arkansas Code — all titles (historical 2020) · legal_authorities
7-1-101. Definitions.
As used in this title, unless the context or chapter otherwise requires:
(1) “Administrator” means the administrative head of a long-term care or residential care facility licensed by the state who is authorized in writing by a patient of the long-term care or residential care facility to deliver the application for an absentee ballot and to obtain or deliver the absentee ballot to the county clerk;
(2) “Affidavit of eligibility” means an affidavit signed by a candidate for elective office stating that the candidate is eligible to serve in the office he or she seeks;
(3) “Audit log” means an electronically stored record of events and ballot images from which election officials may produce a permanent paper record with a manual audit capacity for a voting system using voting machines;
(4) “Authorized agent” means a person who is identified and authorized to deliver the application, obtain a ballot, and deliver the ballot on the day of the election to the county clerk for an applicant who is medically unable to cast a ballot at a polling site due to an unforeseen medical necessity as set forth in an affidavit from the administrator of a hospital or long-term care or residential care facility;
(5) “Canvassing” means examining and counting the returns of votes cast at a public election to determine authenticity;
(6) “Certificate of choice” means a certificate, signed by an executive officer of a political group that submits a petition to place its candidates for President and Vice-President on the ballot, designating the names of its candidates to appear on the ballot;
(7) “Constitutional officers of this state” means the offices of the Governor, Lieutenant Governor, Secretary of State, Attorney General, Auditor of State, T
Source: Arkansas Code — historical release 78 (November 6, 2020) · 7-1-101
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. The source passage cites 7-1-101. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
7-6-201. Definitions.
As used in this subchapter:
(1)(A) “Approved political action committee” means any person that:
(i) Receives contributions from one (1) or more persons in order to make contributions to candidates, ballot question committees, legislative question committees, political parties, county political party committees, or other political action committees;
(ii) Does not accept any contribution or cumulative contributions in excess of five thousand dollars ($5,000) from any person in any calendar year; and
(iii) Registers pursuant to § 7-6-215 prior to making contributions.
(B) “Approved political action committee” does not include an organized political party as defined in § 7-1-101, a county political party committee, the candidate's own campaign committee, an exploratory committee, or a ballot question committee or legislative question committee as defined in § 7-9-402;
(2) “Candidate” means any individual who has knowingly and willingly taken affirmative action, including solicitation of funds, for the purpose of seeking nomination for or election to any public office;
(3)(A) “Carryover funds” means the amount of campaign funds retained from the last election by the candidate for future use but not to exceed the annual salary, excluding expense allowances, set by Arkansas law for the office sought.
(B) “Carryover funds” does not include campaign signs, campaign literature, and other printed campaign materials that were:
(i) Purchased by the campaign;
(ii) Reported on the appropriate contribution and expenditure report for the campaign at the time of the purchase; and
(iii) Retained for use in a future campaign by the same candidate;
(4)(A) “Contribution” means, whether direct or indirect, advances, deposits, or transfers of fund
Source: Arkansas Code — historical release 78 (November 6, 2020) · 7-6-201
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. The source passage cites 7-6-201. This identifies an authority to review, not proof of applicability.