Ark. Code § 26-3-311

Current with legislation from 2024 Fiscal and Special Sessions.

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.

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