Interest on bonds or other obligations issued in accordance with the provisions of this act shall be exempt from all state income taxes and the principal thereof from inheritance taxation.
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 1 - Development Of Economic And Natural Resources Generally
Chapter 4 - Development Of Business And Industry Generally
Subchapter 5 - Industrial Development Corporations
§ 15-4-501. Purpose — Incorporators
§ 15-4-502. Articles of incorporation — Contents
§ 15-4-503. Articles — Signatures and acknowledgment of incorporators
§ 15-4-506. Beginning of corporate existence
§ 15-4-508. Filing corrected articles of incorporation
§ 15-4-511. Amendments to articles of incorporation
§ 15-4-513. Nonprofit operation — Payment of indebtedness
§ 15-4-514. Authority to borrow money, issue bonds, etc
§ 15-4-515. Exemption from Arkansas Securities Act
§ 15-4-517. Bond issue — Terms
§ 15-4-518. Security for bonds
§ 15-4-521. Sale of obligations
§ 15-4-522. Refunding obligations