Statutes > Arkansas Statutes > Title 26 - Taxation > Subtitle 5 - State Taxes > Chapter 51 - Income Taxes > Subchapter 3 - Exemptions and Reduced Tax Rates > § 26-51-304 - Income from investments made by nonprofit organizations.

§ 26-51-304 - Income from investments made by nonprofit organizations.

26-51-304. Income from investments made by nonprofit organizations.

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.