Shown verbatim: the complete text as captured from the official PDF posted by the Arkansas General Assembly, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
Stricken language would be deleted from and underlined language would be added to present law.
1 State of Arkansas A Bill
2 95th General Assembly
3 Regular Session, 2025 HOUSE BILL 1759
4
5 By: Representative Milligan
6 By: Senator J. Boyd
7
8 For An Act To Be Entitled
9 AN ACT TO AMEND THE LAW CONCERNING THE ASSESSMENT OF
10 PROPERTY AND THE PAYMENT OF PROPERTY TAXES; TO
11 INCREASE THE AMOUNT OF TIME A TAXPAYER HAS TO ASSESS
12 TANGIBLE PERSONAL PROPERTY ACQUIRED DURING A CERTAIN
13 TIME PERIOD; AND FOR OTHER PURPOSES.
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16 Subtitle
17 TO INCREASE THE AMOUNT OF TIME A
18 TAXPAYER HAS TO ASSESS TANGIBLE PERSONAL
19 PROPERTY ACQUIRED DURING A CERTAIN TIME
20 PERIOD.
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22 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
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24 SECTION 1. Arkansas Code � 26-26-1408(a)(2)(A), concerning the time
25 for the assessment and payment of property taxes, is amended to read as
26 follows:
27 (2)(A) Taxable tangible personal property of a new resident and
28 a new business established between January 1 and May 31 and taxable tangible
29 personal property acquired by a resident during the period from January 1
30 through May 31, except tangible personal property acquired during the period
31 of May 2 April 1 through May 31, shall be assessable without delinquency
32 within thirty (30) sixty (60) days following the date of its acquisition.
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34 SECTION 2. Arkansas Code � 26-26-1408(a)(3), concerning the time for
35 the assessment and payment of property taxes, is amended to read as follows:
36 (3) The ten percent (10%) penalty for delinquent assessment
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HB1759
1 shall not apply to tangible personal property becoming eligible for
2 assessment through May 31 if the tangible personal property is assessed on or
3 before May 31, except that:
4 (A) If May 31 of an assessment year falls on a Saturday,
5 Sunday, or postal holiday, then the last day to assess without incurring a
6 penalty shall be the following business day; and
7 (B) Tangible personal property acquired during the period
8 of May 2 April 1 through May 31 shall be assessable without penalty within
9 thirty (30) sixty (60) days following the date of its acquisition.
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2 03/12/2025 2:20:20 PM JLL304Every fact on this page links to its source, starting with the official bill record.