Arkansas law allows individuals and businesses to contribute a maximum of $2,000 for the primary election and $2,000 for the general election for a total of $4,000 to state Representative candidates. Contributions to David J. Sanders for State Representative are not tax deductible for federal income tax purposes, but up to $50 per taxpayer and $100 for a joint return can be credited to your state income taxes (see below). State law requires that the campaign report the name, address, occupation and employer of any person or entity contributing over $50 to the campaign.
Arkansas's Political Contribution Tax Credit
Contributions taken on the 2009 return must be made by April 15, 2010.
This credit provides for an individual income tax credit of up to $50 per taxpayer ($100 for a joint return) for cash contributions made by the taxpayer in a taxable year to one or more of the following:
- A candidate seeking nomination or election to a public office or to the candidate’s campaign committee; or
- An approved political action committee; or
- An organized political party.
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 of a subdivision thereof, that is filled by the voters. Examples include state, city, county, school districts, etc. The credit does not apply to contributions made to candidates for federal offices. Taxpayers claiming the credit must complete Form AR1800 and attach it to your return.