Browse Arkansas Code titles and sections
14-143-121. Exemption from taxation.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-143-121. Exemption from taxation.
(a) Each authority shall be exempt from the payment of any taxes or fees to the state, or any subdivision thereof, or to any office or employee of the state, or of any subdivision thereof; however, each authority shall withhold and remit state income taxes as prescribed by the Arkansas Income Tax Withholding Act of 1965, § 26-51-901 et seq.
(b)(1) The property of each authority shall be exempt from all local and municipal taxes.
(2) 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, shall be exempt from all state, county, and municipal taxes, including, but without limitation, income, inheritance and estate taxes.
(c) A lessee of an authority under § 14-143-126 is exempt from state, county, and municipal sales and use taxes on purchases of tangible personal property and services if:
(1) The lessee's facility is constructed after July 22, 2015, and has not been occupied by any other authority lessee;
(2) At an establishment within fifty (50) miles of the intermodal facility, the lessee has not ceased or substantially reduced operations of a nature similar to those being performed at the lessee's facility within the intermodal facility;
(3) The tangible personal property or service is consumed, used, or performed at the lessee's facility within the intermodal facility; and
(4) The lessee's facility is used to carry out the essential governmental functions of the authority under § 14-143-104(b).
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-143-121
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
Issuing source page ↗
Authority boundary: historical statutory source snapshot not current law.
Open the recorded source website ↗
Record provenance
Stable record: arkansas_code:legal_authorities:14-143-121
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 5aceccbc8e2da83334ccd8796c44a8a1050dd396a9a6b4b0b321b0be4a82c33b
Source location: content.xml paragraph 35890
Stored source content
14-143-121. Exemption from taxation.
(a) Each authority shall be exempt from the payment of any taxes or fees to the state, or any subdivision thereof, or to any office or employee of the state, or of any subdivision thereof; however, each authority shall withhold and remit state income taxes as prescribed by the Arkansas Income Tax Withholding Act of 1965, § 26-51-901 et seq.
(b)(1) The property of each authority shall be exempt from all local and municipal taxes.
(2) 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, shall be exempt from all state, county, and municipal taxes, including, but without limitation, income, inheritance and estate taxes.
(c) A lessee of an authority under § 14-143-126 is exempt from state, county, and municipal sales and use taxes on purchases of tangible personal property and services if:
(1) The lessee's facility is constructed after July 22, 2015, and has not been occupied by any other authority lessee;
(2) At an establishment within fifty (50) miles of the intermodal facility, the lessee has not ceased or substantially reduced operations of a nature similar to those being performed at the lessee's facility within the intermodal facility;
(3) The tangible personal property or service is consumed, used, or performed at the lessee's facility within the intermodal facility; and
(4) The lessee's facility is used to carry out the essential governmental functions of the authority under § 14-143-104(b).
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-143-104. Authority as public corporation.
(a) Each authority when created, and the members thereof, shall constitute a public corporation and, as such, shall have perpetual succession, may contract and be contracted with, sue and be sued, and have and use a common seal.
(b) The exercise of the powers and performance of duties provided for in this chapter by each authority and its officers, agents, and employees are declared to be public and governmental functions, exercised for a public purpose and matters of public necessity, conferring upon each authority governmental immunity from suit in tort.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-143-104
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 14-143-104. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-143-126. Lease of facilities.
(a) Each authority may lease its intermodal facilities and all or any part of its appurtenances and facilities to any available lessee at such rental and upon such terms and conditions as the authority shall deem proper.
(b) Leases shall be for some purpose associated with intermodal transportation activities.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-143-126
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 14-143-126. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
26-51-901. Title.
This subchapter may be cited as the “Arkansas Income Tax Withholding Act of 1965”.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-51-901
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 26-51-901. This identifies an authority to review, not proof of applicability.