Arkansas § 15-4-2404 - Net operating loss deduction — Carry forward.
Full text of Arkansas Arkansas Code of 1987 Annotated § 15-4-2404 — Net operating loss deduction — Carry forward., with citation guidance and answers to common questions.
§ 15-4-2404. Net operating loss deduction — Carry forward.
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. The net operating loss deduction must be carried forward in the order named in subsection (a) of this section.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 15-4-2404
What does Arkansas Code of 1987 Annotated § 15-4-2404 cover?
Section 15-4-2404 ("Net operating loss deduction — Carry forward.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 15-4-2404?
A common citation format is "Arkansas Code of 1987 Annotated § 15-4-2404" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 15-4-2404 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.