Statutes > Arkansas Statutes > Title 14 - Local Government > Subtitle 12 - Public Utilities Generally > Chapter 202 - Joint Municipal Electric Power Generation > § 14-202-120 - Bonds and projects -- Tax exemption.

§ 14-202-120 - Bonds and projects -- Tax exemption.

14-202-120. Bonds and projects -- Tax exemption.

(a) Bonds issued under the provisions of this chapter, and the interest thereon, shall be exempt from all state, county, and municipal taxes, including property, income, inheritance, and estate taxes.

(b) Any interest in a project of a municipality shall be exempt from all state, county, and municipal taxes, including property, income, inheritance, and estate taxes.