No income, sales, use, ad valorem, or other tax, assessment, or license shall be levied upon or collected with respect to any property which is held by or purchased by a private owner or operator for the public purpose of performing a privatization contract or a service agreement, since the property benefits the public.Acts 1985, No. 690, § 7; A.S.A. 1947, § 82-1992.6.
Arkansas Legal Code