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 9 - Arkansas Development Finance Corporation Act > § 15-4-925 - Exemption of interest and obligations from certain taxes.

§ 15-4-925 - Exemption of interest and obligations from certain taxes.

15-4-925. Exemption of interest and obligations from certain taxes.

Interest on bonds, notes, or other obligations of any development finance corporation issued under and in accordance with the provisions of this subchapter shall be exempt from all state income taxes and the principal thereof from inheritance taxes.