Ark. Code Ann. § 27-76-104

Exemption from taxation or assessment

Known as the Regional Mobility Authority Act

The act spans §§ 27–27 (54 sections).

Acts 2007, No. 389, § 1.

(1) A regional mobility authority is exempt from ad valorem property taxation of or assessments on each of the following: A transportation system;

(2) A transportation project; and

(3) Property the regional mobility authority acquires or uses under this chapter for a transportation project or transportation system.

(4) Income from the ownership or operation of the regional mobility authority shall be exempt from state income tax.

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.