The principal of and interest on bonds issued under the authority of this chapter shall be exempt from all state, county, and municipal taxes. This exemption shall include income, inheritance, and estate taxes.
Ark. Code Ann. § 14-334-113
Bonds — Tax exemption
Known as the Public Transit System Act
The act spans §§ 14–14 (16 sections).
Acts 1981, No. 424, § 14; A.S.A. 1947, § 20-2214.
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.