Arkansas Code Title 26, Subtitle 5, Chapter 51, Subchapter 3 - Exemptions and Reduced Tax Rates

• § 26-51-301 - Individuals Exempt From Taxation or Qualifying for the Low Income Tax Credit.
  (a) As used in this section: (1) "Head of household" means the same as defined in 26 U.S.C. § 2(b), as in effect on...
• § 26-51-302 - [Repealed.]
• § 26-51-303 - Exempt Organizations.
  (a) The following organizations shall be exempt from taxation under the Income Tax Act of 1929, § 26-51-101 et seq.: (1) Fraternal benefit societies,...
• § 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...
• § 26-51-305 - [Repealed.]
• § 26-51-306 - Compensation and Benefits From Military Service.
  (a) (1) (A) For tax years beginning before January 1, 2007, no member of the armed services of the United States shall be liable...
• § 26-51-307 - Retirement or Disability Benefits.
  (a) (1) The first six thousand dollars ($6,000) of benefits received by any resident of this state from an individual retirement account or the...
• § 26-51-308 - Trusts for Qualified Deferred Compensation Plans Exempt.
  An organization or trust described in 26 U.S.C. § 401(a), as in effect on January 1, 2009, is exempt from income taxation under the...
• § 26-51-309 - Charitable Remainder Trusts.
  (a) Title 26 U.S.C. § 664, as in effect on January 1, 2007, and the regulations of the Secretary of the Treasury promulgated under...
• § 26-51-310 - Foreign Income Exclusion.
  Title 26 U.S.C. §§ 911 and 912, as in effect on January 1, 2007, 26 U.S.C. § 911 regarding citizens or residents of the...
• § 26-51-311 - Qualified Windmill Blade Manufacturing Exemption.
  (a) A qualified windmill blade manufacturer that meets the criteria found in subsection (b) of this section is exempt from income taxes levied under...
• § 26-51-312 - Qualified Windmill Blade and Windmill Component Manufacturing Exemption.
  (a) A qualified windmill blade or windmill component manufacturer that meets the criteria under this section is eligible for a limited exemption from the...
• § 26-51-313 - Qualified Drop-In Biofuels Manufacturing Exemption.
  (a) There is allowed an exemption from the income tax imposed by the Income Tax Act of 1929, § 26-51-101 et seq., for the...
• § 26-51-314 - Payments From an Agricultural Disaster Program to a Cattle Farmer or Cattle Rancher.
  (a) As used in this section, "agricultural disaster program" means a program that provides compensation to a cattle farmer or cattle rancher who has...

Last modified: November 15, 2016