The power to tax corporations and corporate property shall not be surrendered or suspended by any contract or grant to which the State may be a party.
Ark. Const. art. XVI, § 7 — under Finance And Taxation.
Ark. Const. art. XVI, § 7
Section 7
The power to tax corporations and corporate property shall not be surrendered or suspended by any contract or grant to which the State may be a party.