AR SB683

Amends Arkansas Code § 26-26-1607 to exclude intangible property acquired after January 1, 2015 from ad valorem taxation valuations for broadband communications entities.

Establishes an "adjusted cost indicator value" calculation method based on total original cost of tangible and intangible operating property, less depreciation and amortization, with intangible assets acquired after January 1, 2015 removed from the calculation.

Applies valuation adjustments by multiplying assessed values by a fraction when tangible property cost in Arkansas is less than or equal to adjusted state value allocated.

Defines intangible property as including goodwill, trademarks, licenses, customer lists, patents, franchises, and proprietary technology, but explicitly excludes software.

Applies to commercial mobile radio service providers, telecommunications providers, video service providers, and cable television systems as defined in specified Arkansas statutes.