GroundRules
Ark. Code Ann. § 14-144-311: Exemption from taxation
Where this section sits in the code
- AR Code
- Title 14
- Chapter 144
- Subchapter 3
(a) The property of each research park authority is exempt from all local and municipal taxes. (b) Bonds, notes, debentures, and other evidences of indebtedness of the authority are declared to be issued for a public purpose and to be public instrumentalities and, together with interest thereon, are exempt from all state, county, and municipal taxes, including without limitation income tax, inheritance tax, and estate taxes. (c) The establishment, development, and growth of research parks in the State of Arkansas serves a public purpose and use through: (1) The creation of high-paying jobs; (2) The ability to retain some of our most highly educated Arkansans; (3) The growth of Arkansas-based businesses whose focus on the research and development of products and services will serve to diversify Arkansas's economy; and (4) A strategic alliance between business and higher education that has the potential to substantially improve Arkansas's economy. Acts 2007, No. 1045, § 1.
(a) The property of each research park authority is exempt from all local and municipal taxes.
(b) Bonds, notes, debentures, and other evidences of indebtedness of the authority are declared to be issued for a public purpose and to be public instrumentalities and, together with interest thereon, are exempt from all state, county, and municipal taxes, including without limitation income tax, inheritance tax, and estate taxes.
(c) The establishment, development, and growth of research parks in the State of Arkansas serves a public purpose and use through: (1) The creation of high-paying jobs; (2) The ability to retain some of our most highly educated Arkansans; (3) The growth of Arkansas-based businesses whose focus on the research and development of products and services will serve to diversify Arkansas's economy; and (4) A strategic alliance between business and higher education that has the potential to substantially improve Arkansas's economy.
(1) The creation of high-paying jobs;
(2) The ability to retain some of our most highly educated Arkansans;
(3) The growth of Arkansas-based businesses whose focus on the research and development of products and services will serve to diversify Arkansas's economy; and
(4) A strategic alliance between business and higher education that has the potential to substantially improve Arkansas's economy.
Collected 2026-09-17T21:35:43Z. Source file · JSON
Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text. Source · License
Arkansas electronic product files were republished by Public.Resource.Org under a public-domain mark. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows. Source