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2019 Arkansas Code
Title 27 - Transportation
Subtitle 5 - Highways, Roads, and Streets
Chapter 76 - Regional Mobility Authority Act
Subchapter 1 - General Provisions
§ 27-76-104. Exemption From Taxation or Assessment
Universal Citation: AR Code § 27-76-104 (2019)
(a) A regional mobility authority is exempt from ad valorem property taxation of or assessments on each of the following:
(1) A transportation system;
(2) A transportation project; and
(3) Property the regional mobility authority acquires or uses under this chapter for a transportation project or transportation system.
(b) Income from the ownership or operation of the regional mobility authority shall be exempt from state income tax.
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