Tax exempt status of property and income
Known as the Interlocal Cooperation Act
The act spans §§ 25–25 (85 sections).
Acts 1995, No. 813, § 2.
(1) Each public body corporate and politic created pursuant to this subchapter will be performing functions and will be a public instrumentality of the participating public agencies.
(2) Accordingly, all properties at any time owned by the public body and the income therefrom shall be exempt from all taxation in the state.
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.