§ 26-51-439 - Capitalization of certain expenses.
26-51-439. Capitalization of certain expenses.
(a) Subsections (a)-(h) of 263A of the Internal Revenue Code of 1986, as in effect on January 1, 2007, regarding capitalization and inclusion in inventory costs of certain expenses, are adopted for the purpose of computing Arkansas income tax liability.
(b) Section 195 of the Internal Revenue Code of 1986, as in effect on January 1, 2001, regarding capitalization and amortization of a corporation's start-up expenses, is adopted for the purpose of computing Arkansas income tax liability.
(c) Section 248 of the Internal Revenue Code of 1986, as in effect on January 1, 2005, regarding capitalization and amortization of a corporation's organizational expenses, is adopted for the purpose of computing Arkansas income tax liability.
(d) Section 709 of the Internal Revenue Code of 1986, as in effect on January 1, 2007, regarding the amortization of partnership organizational expenses, is adopted for the purpose of computing Arkansas income tax liability.