Bonds and projects — Tax exemption
Known as the Joint Municipal Electric Power Generation Act
The act spans §§ 14-202-101 to 14-202-123 (23 sections).
Acts 1979, No. 5, §§ 13, 14; A.S.A. 1947, §§ 19-5613, 19-5614.
(1) Bonds issued under the provisions of this chapter, and the interest thereon, shall be exempt from all state, county, and municipal taxes, including property, income, inheritance, and estate taxes.
(2) Any interest in a project of a municipality shall be exempt from all state, county, and municipal taxes, including property, income, inheritance, and estate taxes.
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.