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AR HJR1009
Joint Resolution
Status
4/24/2019
Primary Sponsor
Stephen Meeks
Click for details
AI Summary
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General Assembly may enact laws to reduce personal property tax rates, including laws providing that no tax shall be levied on personal property.
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General Assembly may create exemptions for personal property taxation through law.
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General Assembly must provide by law on or before January 1, 2045, that no tax is levied on personal property in Arkansas.
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Laws enacted under this amendment require a majority vote of each house of the General Assembly for passage and supersede any conflicting Arkansas Constitution provisions.
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Amendment becomes effective January 1, 2021, upon voter approval at the next general election.
Legislative Description
An Amendment To The Arkansas Constitution Concerning The Authority Of The General Assembly To Reduce Or Eliminate The Taxation Of Personal Property.
Last Action
Died on House Calendar at Sine Die Adjournment
4/24/2019