(a) Bonds issued under the provisions of this chapter, and the interest thereon, shall be exempt from all state, county, and municipal taxes, including property, income, inheritance, and estate taxes.
(b) Any interest in a project of a municipality shall be exempt from all state, county, and municipal taxes, including property, income, inheritance, and estate taxes.
Structure Arkansas Code
Subtitle 12 - Public Utilities Generally
Chapter 202 - Joint Municipal Electric Power Generation
§ 14-202-103. Authorization to construct and operate project
§ 14-202-104. Contracts to acquire interest in project
§ 14-202-105. Sale of excess capacity
§ 14-202-106. Acquisition of licenses and permits
§ 14-202-107. Contracts to exchange and transmit electric power
§ 14-202-108. Bonds — Issuance generally
§ 14-202-109. Bonds — Terms and conditions
§ 14-202-110. Bonds — Trust indenture
§ 14-202-112. Bonds, coupons — Execution and seal
§ 14-202-113. Bonds — Priority among issues
§ 14-202-114. Bonds — Mortgage lien
§ 14-202-115. Bonds — Default — Receiver
§ 14-202-116. Bonds — Nature of indebtedness
§ 14-202-118. Rates, fees, and charges — Disposition — Pledges
§ 14-202-119. Enforcement of rights under ordinance or trust indenture
§ 14-202-120. Bonds and projects — Tax exemption
§ 14-202-121. Investment of public funds in bonds