(a) Bonds issued under the provisions of this subchapter shall be exempt from all state, county, and municipal taxes.(b) This exemption includes income, estate, and inheritance taxes.Acts 1937, No. 231, § 17; Pope's Dig., § 9721; Acts 1973, No. 87, § 5; A.S.A. 1947, § 19-2716.
Arkansas Legal Code