Statutes, codes, and regulations
Arkansas Code of 1987
Title 26 - TAXATIONSubtitle 1 - GENERAL PROVISIONSChapter 3 - PROPERTY SUBJECT TO TAXATION AND EXEMPTIONS
Subchapter 3 - EXEMPTIONS FROM TAXATION
Section 26-3-311 - Motor vehicles leased by municipalities

Ark. Code § 26-3-311

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Current with legislation from 2024 effective through May 3, 2024.
Section 26-3-311 - Motor vehicles leased by municipalities

A motor vehicle that is subject to a lease of at least twelve (12) months by a city or town of this state is public property used exclusively for public purposes and is exempt from ad valorem taxation.

Ark. Code § 26-3-311

Added by Act 2019, No. 610,§ 2, eff. 7/24/2019.