Statutes > Arkansas Statutes > Title 14 - Local Government > Subtitle 20 - Public Transit Systems Generally > Chapter 334 - Public Transit Systems Generally > § 14-334-113 - Bonds -- Tax exemption.

§ 14-334-113 - Bonds -- Tax exemption.

14-334-113. Bonds -- Tax exemption.

The principal of and interest on bonds issued under the authority of this chapter shall be exempt from all state, county, and municipal taxes. This exemption shall include income, inheritance, and estate taxes.