(1) Bonds issued under the provisions of this chapter shall be exempt from all state, county, and municipal taxes.
(2) This exemption shall include income, inheritance, and estate taxes.
Ark. Code Ann. § 14-185-134
Bonds — Tax exemption
Known as the Metropolitan Port Authority Act
The act spans §§ 14–14 (37 sections).
Acts 1961, No. 439, § 12; A.S.A. 1947, § 21-1512.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.