Opinion No.

The Honorable Paul Bookout State Senator 1900 West Washington Jonesboro, Arkansas 72401-2577

Dear Senator Bookout:

I am writing in response to your request for an opinion on ten questions involving the State's or a state agency's liability for property taxes on property it purchases or otherwise acquires from non-exempt entities during a tax year. Specifically, you set forth four different "factual scenarios" and pose ten multiple-point inquiries with regard to these "fact scenarios." As an introduction to your "fact scenarios" and questions, you state the following:

Arkansas Constitution…