(a) Pursuant to rules to be adopted by the Department of Finance and Administration, a credit against individual Arkansas income taxes shall be allowed for money contributions made by the taxpayer in a taxable year to one (1) or more of the following:
(1) A candidate seeking nomination or election to a public office at an election or to the candidate's campaign committee;
(2) An approved political action committee as defined in § 7-6-201; or
(3) An organized political party as defined in § 7-1-101.
(b) The credit allowed by subsection (a) of this section shall be the aggregate contributions, not to exceed fifty dollars ($50.00), on an individual tax return, or the aggregate contributions, not to exceed one hundred dollars ($100), on a joint return.
(c) Credits for contributions qualifying under this section and made prior to April 15 in a calendar year may be applied to the return filed for the previous taxable year.
Structure Arkansas Code
Chapter 6 - Campaign Practices
Subchapter 2 - Campaign Financing
§ 7-6-204. Restriction on cash contributions or expenditures — Exception
§ 7-6-205. Contributions made indirectly, anonymously, or under assumed names
§ 7-6-206. Records of contributions and expenditures
§ 7-6-207. Reports of contributions — Candidates for state or district office
§ 7-6-208. Reports of contributions — Candidates for school district, township, or municipal office
§ 7-6-209. Reports of contributions — Candidates for county office
§ 7-6-210. Reports of contributions — Personal loans
§ 7-6-213. Verification of reports
§ 7-6-214. Publication of reports
§ 7-6-215. Registration and reporting by approved political action committees
§ 7-6-216. Registration and reports by exploratory committees
§ 7-6-217. Creation of Arkansas Ethics Commission
§ 7-6-218. Citizen complaints — Definition
§ 7-6-219. Retiring a campaign debt
§ 7-6-220. Reporting of independent expenditures
§ 7-6-222. Tax credits for certain individual political contributions
§ 7-6-223. Reports of contributions by political parties
§ 7-6-224. Authority of local jurisdictions
§ 7-6-226. Registration and reporting by county political party committees
§ 7-6-227. Registration by independent expenditure committee
§ 7-6-228. Campaign signs and materials
§ 7-6-229. Amendment of reports — Affirmative defense