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AR HB1687
Bill
Status
Failed
5/5/2025
Primary Sponsor
Kendra Moore
Click for details
AI Summary
- Amends Arkansas Code § 4-35-108 to expand tax exemptions for water authorities formed under the state's water authority chapter
- Water authorities will be exempt from all excise taxes of any kind or nature, in addition to existing ad valorem tax exemptions
- Changes language from exempting "each project" to exempting "all property" of a water authority from ad valorem taxation
- Effective date is the first day of the calendar quarter following the act's effective date
Legislative Description
To Provide That A Water Authority Is Exempt From All Excise Taxes.
Last Action
Died in House Committee at Sine Die adjournment.
5/5/2025
Committee Referrals
Revenue and Taxation3/5/2025
Full Bill Text
No bill text available