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Arkansas State Political Contributions Credit

Article ID: 34650  

Question
Arkansas State Political Contributions Credit

Answer

State Political Contributions Credit

A credit of up to $50.00 per taxpayer ($100.00 for a joint return) is allowed against your Arkansas individual income tax liability for cash contributions made by the taxpayer(s) to one of the following:

(1) A candidate seeking nomination or election to a public office or to the candidate’s campaign committee.

(2) An approved political action committee as defined by Arkansas Code Annotated § 7-6-201.

(3) An organized political party as defined in Arkansas Code Annotated § 7-1-101.

For the purposes of this credit, “public office” means any office created by or under the authority of the laws of the State of Arkansas, or a subdivision thereof, that is filled by the voters. The credit does not apply to contributions made to candidates for federal offices. The contribution must be made by April 15, 2015 to be claimed on the 2014 tax return.

Enter the amount of allowable State Political Contributions Credit(s) on this line. The allowable credit(s) cannot exceed $50 for Filing Status 1, 3, 5 or 6 or $100 total for Filing Status 2 or 4.

 

 


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Views: 1824 Created on: Jun 15, 2013