(a) Bonds issued under the provisions of this subchapter shall be exempt from all state, county, and municipal taxes.
(b) This exemption shall include income taxation and inheritance taxation.
Structure Arkansas Code
Subtitle 22 - Airport Facilities Generally
Chapter 360 - Municipal Airports Generally
§ 14-360-301. Authority granted cumulative
§ 14-360-302. Authority to erect
§ 14-360-303. Recommendation by commission
§ 14-360-304. Operation after completion
§ 14-360-305. Borrowing of funds and revenue bonds — Authorization to contract
§ 14-360-306. Borrowing of funds and revenue bonds — Issuance
§ 14-360-307. Borrowing of funds and revenue bonds — Payment and indebtedness
§ 14-360-308. Borrowing of funds and revenue bonds — Statements on bonds
§ 14-360-309. Borrowing of funds and revenue bonds — Performance required
§ 14-360-310. Borrowing of funds and revenue bonds — Mortgage lien
§ 14-360-311. Borrowing of funds and revenue bonds — Refunding bonds
§ 14-360-312. Borrowing of funds and revenue bonds — Exemption from certain taxes