Statutes > Arkansas Statutes > Title 15 - Natural Resources and Economic Development > Subtitle 1 - Development Of Economic And Natural Resources Generally > Chapter 5 - Arkansas Development Finance Authority > Subchapter 3 - Arkansas Development Finance Authority Act -- Bonds > § 15-5-306 - Tax exemption.

§ 15-5-306 - Tax exemption.

15-5-306. Tax exemption.

Any bonds issued under the provisions of this subchapter and 15-5-101 -- 15-5-106, 15-5-201 -- 15-5-211, and 15-5-213 and the interest paid thereon, unless specifically declared to be taxable in the authorizing resolution, shall be exempt from all state, county, and municipal taxes, and the exemption shall include income, inheritance, and property taxes.