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 20 - Public Transit Systems Generally
Chapter 334 - Public Transit Systems Generally
§ 14-334-103. Creation of authorities
§ 14-334-104. Authority as public corporation
§ 14-334-105. System authorized
§ 14-334-106. Systems declared public properties
§ 14-334-107. Board of authority
§ 14-334-108. Powers generally
§ 14-334-109. Issuance of revenue bonds
§ 14-334-110. Security for bonds
§ 14-334-111. Refunding bond issue
§ 14-334-112. Investment of revenue bonds
§ 14-334-113. Bonds — Tax exemption
§ 14-334-114. Public and private contributions permitted