(1) The principal of and interest on bonds issued under the authority of this subchapter shall be exempt from all state, county, and municipal taxes.
(2) This exemption shall include income, inheritance, and estate taxes.
Ark. Code Ann. § 4-35-304
Bonds — Tax exemption
Known as the Water Authority Act
The act spans §§ 4–4 (27 sections).
Acts 2003, No. 1330, § 3.
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.