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AR HB1073

Bill

Official Source

Status

Passed

2/13/2015

Primary Sponsor

Justin Boyd

Click for details

Origin

House of Representatives

90th General Assembly (2015 Regular)

AI Summary

  • Amends Arkansas Code § 26-26-1408(a)(3) to extend the local personal property tax assessment deadline when May 31 falls on a Saturday, Sunday, or postal holiday to the following business day
  • Eliminates the 10% penalty for delinquent assessment when taxpayers assess tangible personal property by the extended deadline
  • Maintains the existing 30-day penalty-free assessment window for tangible personal property acquired between May 2 and May 31
  • Declares an emergency, making the act effective immediately upon Governor's approval, expiration of the veto period, or veto override
  • Approved by the Governor on February 13, 2015

Legislative Description

Concerning The Extension Of The Local Personal Property Tax Assessment Period And To Declare An Emergency.

Last Action

Notification that HB1073 is now Act 59

2/13/2015

Committee Referrals

City, County & Local Affairs2/3/2015
City, County and Local Affairs1/14/2015

Full Bill Text

No bill text available