Arkansas Code § 25-20-414 - Tax-Exempt Status of Property Owners and Income

(a) Each authority created under this subchapter will be performing public functions and will be a public instrumentality of the participating municipal electric utilities.

(b) Accordingly, all properties at any time owned by the authority and the income from the properties, shall be exempt from all taxation in the State of Arkansas.

Section: Previous  25-20-407  25-20-408  25-20-409  25-20-410  25-20-411  25-20-412  25-20-413  25-20-414  25-20-415  25-20-416  25-20-417  25-20-418  25-20-419  25-20-420  25-20-421  Next

Last modified: November 15, 2016