Statutes > Arkansas Statutes > Title 15 - Natural Resources and Economic Development > Subtitle 1 - Development Of Economic And Natural Resources Generally > Chapter 4 - Development Of Business And Industry Generally > Subchapter 5 - Industrial Development Corporations > § 15-4-524 - Tax exemptions.

§ 15-4-524 - Tax exemptions.

15-4-524. Tax exemptions.

Interest on bonds or other obligations issued in accordance with the provisions of this act shall be exempt from all state income taxes and the principal thereof from inheritance taxation.