AR
Arkansas House Bill HB1599

Arkansas 2025 Regular Session

Arkansas House Bill HB1599

Introduced
2/26/25  

Caption

To Provide For Certain Property To Be Exempt From Taxation.

Impact

If enacted, this legislation will provide significant financial relief to charitable institutions by reducing their tax burdens. Such exemptions can free up resources that these organizations can redirect towards their missions, benefitting community programs and services. This change is intended to bolster the capacity of nonprofit organizations to serve the public effectively and help fulfill the state's commitment to supporting community-focused entities.

Summary

House Bill 1599 proposes amendments to Arkansas Code ยง 26-3-301(7), aiming to expand the property tax exemptions for institutions of purely public charity. The bill specifies that all buildings and land belonging to such institutions, as long as they are not leased or used for profit, will be considered exempt from property taxes. Additionally, it includes provisions for motor vehicles that are subject to a lease of at least twelve months by a public charity institution.

Contention

Despite the positive intentions behind HB 1599, there may be concerns regarding the implications of such exemptions on local tax revenues. Opponents may argue that expanding tax exemptions could limit the funds available for public services funded by these taxes, such as education and infrastructure. Balancing the need for charitable support with the fiscal needs of local governments presents a potential area of contention, necessitating a thorough examination of the bill's long-term implications on state and local budgets.

Companion Bills

No companion bills found.

Previously Filed As

AR HJR1012

An Amendment To The Arkansas Constitution Providing That The General Assembly May Enact Laws Exempting Property From Taxation.

AR HB1730

To Provide That Buildings Used As Dedicated Church Property Are Exempt From Property Tax Regardless Of Whether The Building Is Owned Or Leased By The Church Using The Property.

AR HB1465

To Provide A State Sales Tax Exemption For Disabled Veterans.

AR HB1654

To Provide Sales And Use Tax Exemptions For Data Centers; And To Provide A Sales And Use Tax Exemption For Data Center Equipment, Data Center Costs, Certain Services Provided To A Data Center, And Electricity Used By A Data Center.

AR HB1700

To Exempt Property Managers From Licensure By The Arkansas Real Estate Commission; And To Amend The Real Estate License Law.

AR HB1190

To Provide A Sales And Use Tax Exemption For Certain Utilities Used By A Swine Farm.

AR HB1454

To Amend The Definition Of A Homestead For Purposes Of Property Taxation; And To Provide That Certain Dwellings Owned By A Limited Liability Company Qualify As A Homestead.

AR HJR1002

An Amendment To The Arkansas Constitution Concerning The Taxation Of Personal Property And Real Property In The State Of Arkansas.

AR HB1475

To Identify The Intangible Personal Property Of Self-service Storage Facilities That Is Exempt From Property Taxes; And To Require A County Assessor To Provide An Explanation Related To A Taxpayer's Intangible Personal Property.

AR HB1523

To Provide A Sales And Use Tax Exemption For Certain Sales By Nonprofit Youth Organizations.

Similar Bills

No similar bills found.