relative to the disqualification of a member of a local land use board.

2026 Regular Session Introduced by Deborah Aylward and 2 co-sponsors

Extends the penalty-free assessment window for newly acquired tangible personal property from 30 to 60 days in Arkansas.

Inexpedient to Legislate, MA, VV === BILL KILLED ===; 04/23/2026; SJ 10

Summary — HB 1759 (Arkansas, 95th General Assembly)

Purpose
- HB 1759 amends Arkansas law governing assessment deadlines for newly acquired tangible personal property. Its primary effect is to extend the penalty-free window a taxpayer has to list (assess) newly acquired tangible personal property from 30 days to 60 days in specified circumstances.

Key provisions
- Amends Arkansas Code § 26-26-1408(a)(2)(A) and (a)(3).
- Extends the period during which taxable tangible personal property acquired by a resident (or owned by a new resident or new business established between January 1 and May 31) may be assessed without being considered delinquent from thirty (30) days to sixty (60) days following acquisition.
- Specifically treats property acquired during the period April 1 through May 31 as eligible for the 60-day assessment window (the bill clarifies this subperiod language).
- Retains the existing 10% delinquent-assessment penalty, but clarifies that the penalty will not apply to property becoming eligible for assessment through May 31 if assessed on or before May 31, and that property acquired April 1–May 31 will be assessable without penalty if assessed within 60 days of acquisition.

Who is affected
- Taxpayers who acquire tangible personal property in Arkansas between January 1 and May 31 (including new residents and new businesses).
- County assessors and their staffs (procedures, assessment calendars, and computer systems).
- County revenue/tax offices that collect penalties and track delinquent assessments.

Fiscal and administrative impact
- Department of Finance and Administration Fiscal Impact Statement: No fiscal impact to state revenues reported.
- Minimal administrative costs: minor changes to county assessor computer systems and training/education for county personnel and taxpayers will be required.
- No change to the 10% penalty rate; the change simply expands the grace period in specified circumstances.

Procedural / timeline notes
- Introduced January 7, 2025; sponsored by Rep. Milligan and Sen. J. Boyd.
- The legislative record accompanying the materials indicates the measure progressed through readings and was transmitted for enrollment; one record notes “Act 551” (April 10, 2025). Confirm final effective date in the enrolled act or state code update.

Note
- The packet reviewed contained other unrelated HB 1759 texts from other states (Illinois, Mississippi, Missouri). This summary addresses the Arkansas measure amending Arkansas Code § 26-26-1408.