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AR HB1691
Bill
Status
4/8/2025
Primary Sponsor
Randy Torres
Click for details
AI Summary
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Motor vehicles used exclusively for public charity purposes and subject to a lease of at least 12 months by a public charity institution are exempt from personal property tax
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Amends Arkansas Code § 26-3-301(7) to extend the existing property tax exemption for public charity buildings and land to include leased motor vehicles
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Aligns treatment of public charity vehicles with state and local government vehicles, which already receive tax exemption for leased vehicles of 12+ months
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Effective for assessment years beginning on or after January 1, 2026
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Approved April 8, 2025 (Act 497 of the Regular Session)
Legislative Description
To Provide For Certain Property To Be Exempt From Taxation; And To Provide That Certain Motor Vehicles Used Exclusively For Public Charity Are Exempt From Personal Property Tax.
Last Action
Notification that HB1691 is now Act 497
4/8/2025