# Ark. Code Ann. § 26-51-428: [See Note] Depreciation - Deductions - Expensing of property

> Arkansas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AR_T26_C51_S4_S26-51-428

## Section

- **Citation:** Ark. Code Ann. § 26-51-428
- **Heading:** [See Note] Depreciation - Deductions - Expensing of property
- **Jurisdiction:** Arkansas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AR Code / Title 26 / Chapter 51 / Subchapter 4 / Section 26-51-428

## Text

(a) (1) Title 26 U.S.C. §§ 167 and 168(a)-(j) , as in effect on January 1, 2019, are adopted for the purpose of computing Arkansas income tax liability for property purchased in tax years beginning on or after January 1, 2014. (2) Title 26 U.S.C. § 179 , as in effect on January 1, 2022, is adopted for the purpose of computing Arkansas income tax liability for property purchased in tax years beginning on or after January 1, 2022. (b) The basis on which exhaustion, wear and tear, and obsolescence are to be allowed in respect to any property shall be the adjusted basis provided in § 26-51-411 for the purpose of determining the gain on the sale or other disposition of the property. (c) Title 26 U.S.C. § 197 , as in effect on January 1, 2007, regarding the amortization of goodwill and certain other intangibles, is adopted for the purpose of computing Arkansas income tax liability. Amended by Act 2023, No. 181,§ 2, eff. 8/1/2023(see note). Amended by Act 2023, No. 181,§ 1, eff. 8/1/2023(see note). Amended by Act 2022EX3, No. 2,§ 4, eff. effective for tax years beginning on or after January 1, 2022. Amended by Act 2022EX3, No. 1,§ 4, eff. effective for tax years beginning on or after January 1, 2022. Amended by Act 2019, No. 870,§ 8, eff. for tax years beginning on or after 1/1/2019. Amended by Act 2017, No. 155,§ 22, eff. for tax years beginning on and after 1/1/2015. Amended by Act 2015, No. 580,§ 19, eff. for tax years beginning on or after January 1, 2014. Amended by Act 2013, No. 1254,§ 10, eff. 8/16/2013, op. for tax years beginning on or after 1/1/2013. Acts 1929, No. 118, Art. 3, § 13; Pope's Dig., § 14036; Acts 1957, No. 147, § 1; 1957, No. 156, § 1; 1983, No. 379, §§ 8-11; 1983, No. 854; §§ 1, 5; A.S.A. 1947, §§ 84-2016, 84-2016.16; Acts 1987, No. 382, §§ 17, 32; 1989, No. 826, §§ 29, 30; 1991, No. 685, § 7; 1995, No. 1160, § 4; 1997, No. 951, § 12; 1999, No. 1126, § 33; 2007, No. 218, § 26; 2009, No. 372, § 18. Act 2023, No. 181,§ 2 provides that, "Uncodified Acts 2007, No. 613, § 2, is repealed as obsolete because the Chief Fiscal Officer of the State made the certification described in Acts 2007, No. 613, § 2, on August 10, 2007, making this version of Arkansas Code § 26-51-428 effective, but Acts 2009, No. 372, § 18, amended the expired version of Arkansas Code § 26-51-428, thus reviving the expired version, which was subsequently amended to produce a correct result."

(a) (1) Title 26 U.S.C. §§ 167 and 168(a)-(j) , as in effect on January 1, 2019, are adopted for the purpose of computing Arkansas income tax liability for property purchased in tax years beginning on or after January 1, 2014. (2) Title 26 U.S.C. § 179 , as in effect on January 1, 2022, is adopted for the purpose of computing Arkansas income tax liability for property purchased in tax years beginning on or after January 1, 2022.

(1) Title 26 U.S.C. §§ 167 and 168(a)-(j) , as in effect on January 1, 2019, are adopted for the purpose of computing Arkansas income tax liability for property purchased in tax years beginning on or after January 1, 2014.

(2) Title 26 U.S.C. § 179 , as in effect on January 1, 2022, is adopted for the purpose of computing Arkansas income tax liability for property purchased in tax years beginning on or after January 1, 2022.

(b) The basis on which exhaustion, wear and tear, and obsolescence are to be allowed in respect to any property shall be the adjusted basis provided in § 26-51-411 for the purpose of determining the gain on the sale or other disposition of the property.
is adopted for the purpose of computing Arkansas income tax liability for property purchased in tax years beginning on or after January 1, 2022.

(b) The basis on which exhaustion, wear and tear, and obsolescence are to be allowed in respect to any property shall be the adjusted basis provided in § 26-51-411 for the purpose of determining the gain on the sale or other disposition of the property.

(c) Title 26 U.S.C. § 197 , as in effect on January 1, 2007, regarding the amortization of goodwill and certain other intangibles, is adopted for the purpose of computing Arkansas income tax liability.

Amended by Act 2023, No. 181,§ 2, eff. 8/1/2023(see note).

Amended by Act 2023, No. 181,§ 1, eff. 8/1/2023(see note).

Amended by Act 2022EX3, No. 2,§ 4, eff. effective for tax years beginning on or after January 1, 2022.

Amended by Act 2022EX3, No. 1,§ 4, eff. effective for tax years beginning on or after January 1, 2022.

Amended by Act 2019, No. 870,§ 8, eff. for tax years beginning on or after 1/1/2019.

Amended by Act 2017, No. 155,§ 22, eff. for tax years beginning on and after 1/1/2015.

Amended by Act 2015, No. 580,§ 19, eff. for tax years beginning on or after January 1, 2014.

Amended by Act 2013, No. 1254,§ 10, eff. 8/16/2013, op. for tax years beginning on or after 1/1/2013.

Acts 1929, No. 118, Art. 3, § 13; Pope's Dig., § 14036; Acts 1957, No. 147, § 1; 1957, No. 156, § 1; 1983, No. 379, §§ 8-11; 1983, No. 854; §§ 1, 5; A.S.A. 1947, §§ 84-2016, 84-2016.16; Acts 1987, No. 382, §§ 17, 32; 1989, No. 826, §§ 29, 30; 1991, No. 685, § 7; 1995, No. 1160, § 4; 1997, No. 951, § 12; 1999, No. 1126, § 33; 2007, No. 218, § 26; 2009, No. 372, § 18.

Act 2023, No. 181,§ 2 provides that, "Uncodified Acts 2007, No. 613, § 2, is repealed as obsolete because the Chief Fiscal Officer of the State made the certification described in Acts 2007, No. 613, § 2, on August 10, 2007, making this version of Arkansas Code § 26-51-428 effective, but Acts 2009, No. 372, § 18, amended the expired version of Arkansas Code § 26-51-428, thus reviving the expired version, which was subsequently amended to produce a correct result."

## Nearby sections

- [Ark. Code Ann. § 26-51-401 Tax year - Accounting method](https://www.frixlaw.com/law-library/statutes/STATE_AR_T26_C51_S4_S26-51-401.md)
- [Ark. Code Ann. § 26-51-402 Tax year - Basis for determining liability](https://www.frixlaw.com/law-library/statutes/STATE_AR_T26_C51_S4_S26-51-402.md)
- [Ark. Code Ann. § 26-51-403 Income generally](https://www.frixlaw.com/law-library/statutes/STATE_AR_T26_C51_S4_S26-51-403.md)
- [Ark. Code Ann. § 26-51-404 Gross income generally](https://www.frixlaw.com/law-library/statutes/STATE_AR_T26_C51_S4_S26-51-404.md)
- [Ark. Code Ann. § 26-51-405 Partnership income](https://www.frixlaw.com/law-library/statutes/STATE_AR_T26_C51_S4_S26-51-405.md)
- [Ark. Code Ann. § 26-51-406 Income to beneficiaries of trusts and estates](https://www.frixlaw.com/law-library/statutes/STATE_AR_T26_C51_S4_S26-51-406.md)
- [Ark. Code Ann. § 26-51-407 Financial institutions](https://www.frixlaw.com/law-library/statutes/STATE_AR_T26_C51_S4_S26-51-407.md)
- [Ark. Code Ann. § 26-51-408 Dividends of financial institutions taxable](https://www.frixlaw.com/law-library/statutes/STATE_AR_T26_C51_S4_S26-51-408.md)
- [Ark. Code Ann. § 26-51-409 Federal Subchapter S adopted](https://www.frixlaw.com/law-library/statutes/STATE_AR_T26_C51_S4_S26-51-409.md)
- [Ark. Code Ann. § 26-51-410 Inventory](https://www.frixlaw.com/law-library/statutes/STATE_AR_T26_C51_S4_S26-51-410.md)
- [Ark. Code Ann. § 26-51-411 Gain or loss - Sale of property](https://www.frixlaw.com/law-library/statutes/STATE_AR_T26_C51_S4_S26-51-411.md)
- [Ark. Code Ann. § 26-51-412 Gain or loss - Exchange of property](https://www.frixlaw.com/law-library/statutes/STATE_AR_T26_C51_S4_S26-51-412.md)
- [Ark. Code Ann. § 26-51-413 Corporate liquidations](https://www.frixlaw.com/law-library/statutes/STATE_AR_T26_C51_S4_S26-51-413.md)
- [Ark. Code Ann. § 26-51-414 Deferred compensation plans](https://www.frixlaw.com/law-library/statutes/STATE_AR_T26_C51_S4_S26-51-414.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AR_T26_C51_S4_S26-51-428. Check the current official text before relying on it. Not legal advice.