Opinion No.

The Honorable Jack Critcher State Representative P.O. Box 79 Grubbs, AR 72431-0079

Dear Representative Critcher:

This is in response to your opinion request wherein you posed the following question:

If a college or university owns farmland and it is leased to a private individual and those individuals use the land for profit, does this land qualify for exemption from ad valorem taxes or does the land fall within taxable status?

It must be initially noted that the authority to approve or disapprove a particular tax exemption has not been vested in this office. The question of whether certain…