Political Contributions Tax Credit

Posted on March 16th, 2009

Since the last post, I have had several questions about the Arkansas Individual Income Tax Political Contributions Tax Credit. Here is the information.

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, 2009 to be claimed on the 2008 tax return.

Here is a link to the Form AR1800 (R 8/4/08)

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