Arkansas Code
Subchapter 3 - Exemptions from Taxation
§ 26-3-302. Intangible personalty

(a) All intangible personal property in this state is exempt from all ad valorem tax levies of counties, cities, and school districts in the state.
(b) Intangible personal property includes without limitation a permit or license required to place, operate, or maintain at a specific location one (1) or more structures or fixtures and the value associated with the permit or license to place, operate, or maintain at a specific location the structures or fixtures.
(c) The exemption provided in this section applies with respect to the assessment and taxation of intangible personal property on and after January 1, 1976, and ad valorem taxes shall not be assessed or collected on intangible personal property for any period after January 1, 1976.

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