The bonds, and interest on them, shall be exempt from all state, county, and municipal taxes, including income, property, and inheritance taxes.
Ark. Code Ann. § 14-94-124
Tax exemption
Known as the Municipal Property Owner's Improvement District Law
The act spans §§ 14–14 (28 sections).
Acts 1987, No. 113, § 15.
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.