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Proposal to extend net‑operating‑loss carryforwards to 20 years draws debate on long‑term revenue effects
Summary
Representative David Ray presented House Bill 1538 to extend net operating loss (NOL) carryforward periods from 10 to 20 years; committee discussed competitiveness benefits, comparisons with other states and the fiscal timing of costs but did not vote.
Representative David Ray (District 69) presented House Bill 1538 to extend Arkansas' net operating loss (NOL) carryforward period from 10 years to 20 years. Ray said longer NOL carryforwards smooth firms' taxable income over time and are particularly important for startups and industries with cyclical profits.
Ray noted that many states either conform to federal NOL rules or allow…
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