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AR SB817

Bill

Official Source

Status

Passed

4/23/2013

Primary Sponsor

Bruce Maloch

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Origin

Senate

89th General Assembly (2013 Regular)

AI Summary

  • Amends Arkansas Code § 26-26-1308(a) to create an exception to the general rule that property cannot be reappraised for ad valorem tax purposes more than once every five years
  • Requires producing mineral interests to be reappraised annually for ad valorem tax purposes
  • Adds clarification to Arkansas Code § 26-26-1902(b) stating that other reappraisal provisions do not affect the annual reappraisal requirement for producing mineral interests
  • Effective for assessment years beginning on or after January 1, 2014

Legislative Description

To Require That Producing Mineral Interests Be Reappraised Annually.

Last Action

Notification that SB817 is now Act 1520

4/23/2013

Committee Referrals

Agriculture, Forestry and Economic Development4/6/2013
Revenue & Taxation3/6/2013

Full Bill Text

No bill text available