Bill
HB 1960
TO PROVIDE THAT THE LESSEE OF A LEASED MOTOR VEHICLE IS THE OWNER FOR PURPOSES OF THE ASSESSMENT AND PAYMENT OF PROPERTY TAXES; AND TO AMEND THE LAW CONCERNING LOCAL SALES AND USE TAXES ON CERTAIN TANGIBLE PERSONAL PROPERTY.
2025 Regular Session
Introduced by Matt Stone and 1 co-sponsor
House Bill 1960 shifts property tax responsibility to lessees of motor vehicles in Arkansas, simplifying tax assessments and payments for both lessees and lessors.
Notification that HB1960 is now Act 1013