Bill
HB 1386
TO AMEND THE LAW CONCERNING THE ASSESSMENT OF PROPERTY; TO AMEND THE LAW CONCERNING SUBSTANTIAL IMPROVEMENTS TO REAL PROPERTY; AND TO AMEND THE METHOD OF VALUATION FOR REAL PROPERTY UNDER ARKANSAS CONSTITUTION, ARTICLE 16, § 5.
2025 Regular Session
Introduced by Josh Bryant and 2 co-sponsors
HB 1386 clarifies property tax assessments in Arkansas by defining "substantial improvements" and limiting valuations to in-state properties, potentially lowering taxes for some owners.
Notification that HB1386 is now Act 410