Statutes > Arkansas Statutes > Title 26 - Taxation > Subtitle 5 - State Taxes > Chapter 51 - Income Taxes > Subchapter 4 - Computation of Tax Liability > § 26-51-425 - Deductions -- Worthless debts.

§ 26-51-425 - Deductions -- Worthless debts.

26-51-425. Deductions -- Worthless debts.

In computing net income there shall be allowed as deductions debts ascertained to be worthless and actually charged off the books of the taxpayer within the income year.