Ark. Code Ann. § 24-2-703
This is the official text of Ark. Code Ann. § 24-2-703, part of Arkansas’s Code Ann — part of the compiled statutory law of Arkansas, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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Tax exemptions
Official statutory 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. Amended by Act 2019, No. 910,§ 2364, eff. 7/1/2019. Acts 2001, No. 151, § 8.
(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.
(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.
Amended by Act 2019, No. 910,§ 2364, eff. 7/1/2019.
Acts 2001, No. 151, § 8.
(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.
(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.
Amended by Act 2019, No. 910,§ 2364, eff. 7/1/2019.
Acts 2001, No. 151, § 8.
Status: in_force
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