There is a newer version of the Arkansas Code
2016 Arkansas Code
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
AR Code ยง 25-20-317 (2016) What's This?
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.
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