Arkansas · 2025 Regular Session · 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.

Enacted Last action April 22, 2025: Notification that HB1960 is now Act 1013

Plain-language summary

HB 1960 is a bill introduced in the Arkansas House on April 1, 2025. According to its official title, it concerns: 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. Primary sponsor: Matt Stone (Republican), Jeff Wardlaw (Republican). Most recent recorded action (April 22, 2025): Notification that HB1960 is now Act 1013.

Sponsors

Primary sponsors: Matt Stone (Republican); Jeff Wardlaw (Republican).