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 18 - Roadways, Bridges, And Parking Generally
Chapter 302 - Municipal Street And Parking Revenue Bond Act
§ 14-302-102. Purpose and construction
§ 14-302-103. Chapter cumulative
§ 14-302-105. Power of municipalities over street and parking projects
§ 14-302-106. Authority to issue bonds — Costs
§ 14-302-107. Issuance of bonds — Sale
§ 14-302-108. Execution of bonds and coupons — Seal
§ 14-302-109. Bonds as special obligations payable from street and parking revenues
§ 14-302-110. Use of street and parking revenues for the payment of bonds issued