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Section 26-51-425 - Deductions - Worthless debts — Arkansas Law | CourtGPT
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  8. Section 26-51-425 - Deductions - Worthless debts
Arkansas Legal Code

Section 26-51-425 - Deductions - Worthless debts

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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.Acts 1929, No. 118, Art. 3, § 13; Pope's Dig., § 14036; Acts 1957, No. 147, § 1; A.S.A. 1947, § 84-2016.

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.Acts 1929, No. 118, Art. 3, § 13; Pope's Dig., § 14036; Acts 1957, No. 147, § 1; A.S.A. 1947, § 84-2016.