Any bank, building and loan, savings and loan, or any other savings institution chartered and supervised as a savings and loan or similar associations under federal or state law shall be allowed a bad debt expense deduction computed in accordance with 26 U.S.C. §§ 582, 585, and 593, as in effect on January 1, 1999.
Structure Arkansas Code
Subchapter 4 - Computation of Tax Liability
§ 26-51-408. Dividends of financial institutions taxable
§ 26-51-415. Deductions — Interest
§ 26-51-416. Deductions — Taxes
§ 26-51-420. Deductions — Education service cooperative contributions
§ 26-51-425. Deductions — Worthless debts
§ 26-51-426. Deductions — Reserve for bad debts or liabilities
§ 26-51-427. Deductions — Net operating loss carryover — Definitions
§ 26-51-436. Deductions — Limitations
§ 26-51-442. Sale of property to comply with conflict-of-interest requirements