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AR HB1250

Bill

Official Source

Status

Passed

3/4/2021

Primary Sponsor

Mary Bentley

Click for details

Origin

House of Representatives

93rd General Assembly (2021 Regular)

AI Summary

  • Amends Arkansas Code § 14-120-226(b) to increase the maximum annual tax levy on rural lands in levee, drainage, or levee and drainage districts from 25 cents per acre to $2.50 per acre

  • Amends Arkansas Code § 14-124-115(b) to increase the maximum tax rate on rural lands in levee improvement districts of more than one county from 25 cents per acre to $2.50 per acre

  • Both amendments maintain the existing 5% limitation on the tax as a percentage of increased property value or betterment

  • Enacted by the Arkansas General Assembly on March 4, 2021

Legislative Description

To Amend The Law Concerning Assessments In Certain Levee Or Drainage Improvement Districts.

Last Action

Notification that HB1250 is now Act 267

3/4/2021

Committee Referrals

Agriculture, Forestry and Economic Development2/4/2021
Agriculture, Forestry and Economic Development1/25/2021

Full Bill Text

No bill text available