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AR HB1630

Bill

Official Source

Status

Failed

4/22/2015

Primary Sponsor

Matthew Shepherd

Click for details

Origin

House of Representatives

90th General Assembly (2015 Regular)

AI Summary

  • Amends Arkansas Code Title 26, Chapter 3, Subchapter 3 to add Section 26-3-311 establishing a property tax exemption for nonprofit veterans' organizations
  • Property owned by nonprofit veterans' organizations, including the American Legion (Department of Arkansas) and the Veterans of Foreign Wars of the United States, is exempt from all property taxes
  • Classifies veterans' organization property as property used exclusively for public charity under Arkansas Constitution, Article 16, § 5
  • Effective for assessment years beginning on or after January 1, 2015

Legislative Description

To Clarify That Property Used By Nonprofit Veterans' Organizations Is Exempt From Property Taxes.

Last Action

Died in House Committee at Sine Die adjournment.

4/22/2015

Committee Referrals

Revenue and Taxation3/4/2015

Full Bill Text

No bill text available