Arkansas Statutes
§ 27-90-214 — Tax exemption
Arkansas·Title 27
(a)The principal of and interest on bonds issued under this subchapter shall be exempt from all state, county, and municipal taxes, and this exemption shall include income, inheritance, and estate taxes.
(b)All turnpike projects and all the properties thereof are legislatively determined and declared to be public properties used exclusively for public purposes. The legislative intent is that turnpike projects and all properties thereof shall be exempt from ad valorem taxes under and pursuant to the provisions of Arkansas Constitution, Article 16, § 5.
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Legislative History
Acts 2003, No. 296, § 5.
Nearby Sections
15
§ 27-1-101
Title§ 27-1-102
Legislative intent§ 27-1-103
Definition§ 27-1-105
Rail service - Powers and duties§ 27-1-107
Rules - Reorganization§ 27-101-1001
Title and purpose§ 27-101-1002
Application, exclusions, and limitations§ 27-101-1003
Registration and titling requirements generally§ 27-101-1004
Application for certificate of title§ 27-101-1005
Lost or damaged certificates§ 27-101-1008
Organization of records