Statutes > Arkansas Statutes > Title 14 - Local Government > Subtitle 8 - Public Facilities Generally > Chapter 138 - Public Corporations For Municipal Facilities > § 14-138-113 - Tax exemption of projects.

§ 14-138-113 - Tax exemption of projects.

14-138-113. Tax exemption of projects.

Each project, and the income from all leases made with respect thereto, are determined and declared by the General Assembly to be public property used exclusively for a public purpose and shall be exempt from ad valorem taxation by all taxing authorities.