Loading chat...

AR HB1821

Bill

Official Source

Status

Failed

10/15/2021

Primary Sponsor

Jim Dotson

Click for details

Origin

House of Representatives

93rd General Assembly (2021 Regular)

AI Summary

  • Amends Arkansas Code § 26-26-1202(i)(1)(A) to establish the cost approach method for determining market value of off-premises advertising signs for tax valuation purposes.

  • Removes language that references avoiding inclusion of exempt intangible personal property in the valuation process.

  • Applies to valuation procedures for taxation purposes under Arkansas Constitution, Article 16, Section 5.

Legislative Description

To Amend The Law Regarding A Method And Procedure For Valuation Of Property For Taxation Purposes Under Arkansas Constitution, Article 16, § 5; And To Amend The Law Governing The Valuation Procedures For Certain Property.

Last Action

Died in House Committee at Sine Die Adjournment

10/15/2021

Committee Referrals

Revenue and Taxation3/22/2021

Full Bill Text

No bill text available