Arkansas § 24-2-703 Tax exemptions

Arkansas Statutes

§ 24-2-703 — Tax exemptions

Arkansas § 24-2-703

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This text of Arkansas § 24-2-703 (Tax exemptions) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 24-2-703 (2026).

Text

(a)The assets of the Arkansas Public Employees' Retirement System, the State Police Retirement System, the Arkansas Judicial Retirement System, the Arkansas State Highway Employees' Retirement System, and the Arkansas Teacher Retirement System are exempt from taxes by the state or any political subdivision or agency thereof.

(b)(1) It is the purpose of this section to provide equitable tax treatment to persons receiving benefits from alternate publicly supported retirement or annuity plans of the state's colleges and universities and the Division of Higher Education.

(2)It is not the intent of this section to reduce the income tax exemption provided by law to any person in regard to retirement or survivor benefits.

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(a) The assets of the Arkansas Public Employees' Retirement System, the State Police Retirement System, the Arkansas Judicial Retirement System, the Arkansas State Highway Employees' Retirement System, and the Arkansas Teacher Retirement System are exempt from taxes by the state or any political subdivision or agency thereof. (b) (1) It is the purpose of this section to provide equitable tax treatment to persons receiving benefits from alternate publicly supported retirement or annuity plans of the state's colleges and universities and the Division of Higher Education. (2) It is not the intent of this section to reduce the income tax exemption provided by law to any person in regard to retirement or survivor benefits.