The principal of and interest on bonds issued under the authority of this chapter shall be exempt from all state, county, and municipal taxes. This exemption shall include income, inheritance, and estate taxes.
Structure Arkansas Code
Subtitle 8 - Public Facilities Generally
Chapter 138 - Public Corporations For Municipal Facilities
§ 14-138-101. Legislative intent
§ 14-138-104. Authority generally
§ 14-138-105. Authority and procedure to incorporate
§ 14-138-106. Certificate of incorporation
§ 14-138-107. Execution and recording of certificate
§ 14-138-108. Board of directors
§ 14-138-110. Powers generally
§ 14-138-111. Lease agreements
§ 14-138-112. Conveyance of property by lessee
§ 14-138-113. Tax exemption of projects
§ 14-138-114. Issuance of bonds
§ 14-138-115. Notice of bond resolution
§ 14-138-116. Execution of bonds
§ 14-138-117. Security for bonds
§ 14-138-118. Eligibility of bonds as investment
§ 14-138-119. Bonds — Tax exemption
§ 14-138-120. Proceeds from sale of bonds