Statutes > Arkansas Statutes > Title 25 - State Government > Chapter 20 - Interlocal Cooperation Act > Subchapter 3 - Consolidated Waterworks Systems > § 25-20-317 - Tax exempt status of property owned and income.

§ 25-20-317 - Tax exempt status of property owned and income.

25-20-317. Tax exempt status of property owned and income.

Each public body created under this subchapter will be performing functions and will be a public instrumentality of the participating public agencies. Accordingly, all properties at any time owned by the public body, and the income therefrom, shall be exempt from all taxation in the state.