Arkansas Statutes
§ 26-51-304 — Income from investments made by nonprofit organizations
Arkansas·Title 26
Income derived from investments made by nonprofit organizations, whether or not the organization is organized or exists under the laws of this state, shall be exempt from state income tax where the income is for the sole purpose of providing pension and annuity benefits to members of the nonprofit organizations.
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Arkansas § 26-51-304 (Income from investments made by nonprofit organizations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Arkansas Department of Economic Development v. William J. Clinton Presidential Foundation
216 S.W.3d 119 (Supreme Court of Arkansas, 2005)
Legislative History
Acts 1965, No. 149, § 1; A.S.A. 1947, § 84-2006.1.
Nearby Sections
15
§ 26-1-101
Definitions§ 26-17-201
Authority to employ§ 26-17-202
Attorneys§ 26-17-203
Field auditors§ 26-17-204
Bond§ 26-17-301
Performance required§ 26-17-302
Motor vehicle license fees§ 26-17-303
Petroleum products§ 26-17-304
Suits and other proceedings§ 26-17-401
Penalty§ 26-17-402
Authority to enter agreements§ 26-17-403
Powers and duties - Definition§ 26-17-404
Violations§ 26-17-501
Penalty§ 26-17-502
Duty to remit revenues