Arkansas · 2025 Regular Session · Bill

SB 573: TO AMEND THE METHOD OF VALUATION UNDER ARKANSAS CONSTITUTION, ARTICLE 16, § 5, BY DEFINING THE TERMS USED IN THE ESTABLISHED METHODS OF VALUATION FOR PURPOSES OF PROPERTY TAX.

Enacted Last action April 18, 2025: Notification that SB573 is now Act 783

Plain-language summary

SB 573 is a bill introduced in the Arkansas Senate on March 28, 2025. According to its official title, it concerns: TO AMEND THE METHOD OF VALUATION UNDER ARKANSAS CONSTITUTION, ARTICLE 16, § 5, BY DEFINING THE TERMS USED IN THE ESTABLISHED METHODS OF VALUATION FOR PURPOSES OF PROPERTY TAX. Primary sponsor: Lane Jean (Republican), Jim Petty (Republican). It lists 1 additional sponsor. Most recent recorded action (April 18, 2025): Notification that SB573 is now Act 783.

Sponsors

Primary sponsors: Lane Jean (Republican); Jim Petty (Republican). 1 co-sponsor.