006.05.17 Ark. Code R. § 001 - Standard Mileage Rates for Income Tax Purposes

The Commissioner of Revenue, pursuant to his authority under Ark. Cock' Ann. §§ 26-18-301 and 26-51-423(a)(3). does hereby issue the following Rule:

The optional standard mileage rate, for use by employees or self-employed individuals in computing the income lax deductible costs of operating passenger automobiles owned by them for business purposes, is fifty-three and one half cents {53.5e) per mile for expenses paid or incurred during the 2017 calendar year.

The optional mileage rate for use by individuals in computing the income tax deductible costs of operating passenger automobiles owned by them for a charitable organization is fourteen cents (140) per mile for expenses paid or incurred during the 2017 calendar year.

The optional standard mileage rate allowed in computing the cost of operating a passenger automobile where transportation expenses are deductible as a medical or moving expense is seventeen (170) per mile for expenses paid or incurred during the 2017 calendar year.

The mileage rates slated above shall be in effect for tax years beginning on and after January 1, 2017 but not later than December 31, 2017.

Notes

006.05.17 Ark. Code R. § 001
6/15/2017

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