Statutes > Arkansas Statutes > Title 26 - Taxation > Subtitle 6 - Local Taxes > Chapter 78 - County And Municipal Motor Vehicle Tax > § 26-78-118 - Bonds -- Tax exemption.

§ 26-78-118 - Bonds -- Tax exemption.

26-78-118. Bonds -- Tax exemption.

Interest on all bonds issued under this chapter shall be exempt from state income taxes, and the principal thereof shall be exempt from state inheritance and estate taxes.