Statutes > Arkansas Statutes > Title 4 - Business and Commercial Law > Subtitle 3 - Corporations And Associations > Chapter 35 - Water Authority Act > Subchapter 1 - General Provisions > § 4-35-108 - Tax exemption of projects.

§ 4-35-108 - Tax exemption of projects.

4-35-108. Tax exemption of projects.

Each project by a water authority and all income from each project is 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.