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AR HB1659
Bill
Status
3/18/2019
Primary Sponsor
Justin Boyd
Click for details
AI Summary
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Amends Arkansas Code § 26-27-317(a)(3) to clarify that county equalization boards do not have jurisdiction over petitions or letters regarding the valuation of producing mineral rights.
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County equalization boards shall not accept or consider applications for adjustment of producing mineral rights valuations that are established by the Assessment Coordination Department under § 26-26-1110.
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Maintains existing prohibitions on county equalization board jurisdiction over tax-exempt status determinations and valuations of agricultural land, pasture land, or timberland.
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Effective for assessment years beginning on or after January 1, 2019.
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Approved on March 18, 2019.
Legislative Description
To Amend The Jurisdiction Of County Equalization Boards With Respect To Producing Mineral Rights.
Last Action
Notification that HB1659 is now Act 509
3/18/2019