Ark. Code Ann. § 27-76-104: Exemption from taxation or assessment

(a) A regional mobility authority is exempt from ad valorem property taxation of or assessments on each of the following: (1) A transportation system; (2) A transportation project; and (3) Property the regional mobility authority acquires or uses under this chapter for a transportation project or transportation system. (b) Income from the ownership or operation of the regional mobility authority shall be exempt from state income tax. Acts 2007, No. 389, § 1.

(a) A regional mobility authority is exempt from ad valorem property taxation of or assessments on each of the following: (1) A transportation system; (2) A transportation project; and (3) Property the regional mobility authority acquires or uses under this chapter for a transportation project or transportation system.

(1) A transportation system;

(2) A transportation project; and

(3) Property the regional mobility authority acquires or uses under this chapter for a transportation project or transportation system.

(b) Income from the ownership or operation of the regional mobility authority shall be exempt from state income tax.