The bill amends the Arkansas Code regarding property tax exemptions for dedicated church property. It specifies that all buildings used as dedicated church property, including places of worship, administrative buildings, and parsonages, are exempt from property tax regardless of whether these buildings are owned or leased by the church. This change aims to clarify and expand the existing exemptions to ensure that churches are not penalized based on their ownership status of the properties they utilize for religious and community purposes.

Additionally, the bill establishes an effective date for these amendments, stating that the new provisions will apply to assessment years beginning on or after January 1, 2023. This legislative change is intended to provide greater financial relief to churches and support their operations within the community.

Statutes affected:
HB 1730: 26-3-301(12)