AR HB1713

Amends Arkansas Code § 26-3-301(4) to exempt heavy equipment and motor vehicles leased by the state for at least 12 months from ad valorem taxation, in addition to existing state property exemptions.

Amends Arkansas Code § 26-3-301(5) to exempt heavy equipment and motor vehicles leased by counties for at least 12 months from ad valorem taxation.

Creates new Arkansas Code § 26-3-311 to exempt motor vehicles leased by cities or towns for at least 12 months from ad valorem taxation when used exclusively for public purposes.

Applies exemptions to property defined as "heavy equipment" under § 26-52-318 and "motor vehicles" under § 26-52-103.

Bill was approved on March 29, 2019.