Exemption from taxation or assessment

  1. Law
  2. Arkansas Code
  3. Transportation
  4. Highways, Roads, And Streets
  5. Regional Mobility Authority Act
  6. General Provisions
  7. Exemption from taxation or assessment

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  1. (a) A regional mobility authority is exempt from ad valorem property taxation of or assessments on each of the following:

    1. (1) A transportation system;

    2. (2) A transportation project; and

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

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


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