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 303 - Municipal Tollway Authority Act
Subchapter 5 - Tollway Revenue Bonds
§ 14-303-501. Issuance generally
§ 14-303-502. Authorizing resolution
§ 14-303-504. Sale — Limitations
§ 14-303-506. Obligation and liability
§ 14-303-507. Security and payment of bonds
§ 14-303-508. Default — Receiver
§ 14-303-510. Revenue bonds made securities
§ 14-303-511. Bonds — Tax exemption
§ 14-303-512. Authority to operate project after completion of payments