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(a) The principal of and interest on bonds issued under the authority of this subchapter shall be exempt from all state, county, and municipal taxes. (b) This exemption shall include income, inheritance, and estate taxes.
Structure Arkansas Code
Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 35 - Water Authority Act
Subchapter 3 - Bond Provisions
§ 4-35-301. Issuance of bonds
§ 4-35-302. Execution of bonds
§ 4-35-303. Security for bonds
§ 4-35-304. Bonds — Tax exemption
§ 4-35-305. Proceeds from issuance of bonds
§ 4-35-306. Refunding bonds