Stricken language would be deleted from and underlined language would be added to present law.
Act 823 of the Regular Session
1 State of Arkansas As Engrossed: H3/15/21 S4/8/21
2 93rd General Assembly A Bill
3 Regular Session, 2021 HOUSE BILL 1543
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5 By: Representatives Vaught, Maddox, M. Gray, Barker, Beck, Bentley, S. Berry, Brown, Cavenaugh,
6 Christiansen, Cloud, Coleman, C. Cooper, Cozart, Dotson, Evans, C. Fite, Hillman, L. Johnson,
7 Lundstrum, Lynch, McNair, Miller, Milligan, Payton, Pilkington, Richmond, Rye, Slape, B. Smith,
8 Tollett, Watson, Wing, Wooten
9 By: Senators Teague, B. Sample, G. Stubblefield, Rice, B. Ballinger, Bledsoe, Hill, Irvin, B. Johnson
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11 For An Act To Be Entitled
12 AN ACT TO REQUIRE THE ASSESSMENT COORDINATION
13 DIVISION TO ISSUE CERTAIN ANNUAL REPORTS REGARDING
14 TAXABLE PROPERTY; TO REQUIRE THE ASSESSMENT
15 COORDINATION DIVISION TO PROVIDE LEGISLATIVE COUNCIL
16 ANNUAL REPORTS OF ANY NEW OR UPDATED ASSESSMENT
17 GUIDELINES; TO PROVIDE THAT A NEW OR UPDATED
18 GUIDELINE ISSUED BY THE ASSESSMENT COORDINATION
19 DIVISION SHALL NOT BE EFFECTIVE UNTIL IT HAS BEEN
20 PROPERLY REPORTED TO LEGISLATIVE COUNCIL; AND FOR
21 OTHER PURPOSES.
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24 Subtitle
25 TO REQUIRE THE ASSESSMENT COORDINATION
26 DIVISION TO ISSUE CERTAIN ANNUAL REPORTS;
27 AND TO PROHIBIT NEW OR UPDATED ASSESSMENT
28 GUIDELINES FROM BECOMING EFFECTIVE UNTIL
29 THEY HAVE BEEN REPORTED TO LEGISLATIVE
30 COUNCIL.
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33 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
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35 SECTION 1. DO NOT CODIFY. Legislative findings and intent.
36 (a) The General Assembly finds that:
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 As Engrossed: H3/15/21 S4/8/21 HB1543
1 (1) The Assessment Coordination Division of the Department of
2 Finance and Administration publishes guidelines and valuation tables to aid
3 and guide county assessors in their valuation of certain types of real and
4 personal property;
5 (2) In the performance of its duty to oversee agency action, the
6 General Assembly should be advised of additions to or revisions of guidelines
7 published by the division.
8 (b) The intent of this act is not to assess property or raise ad
9 valorem taxes on real or personal property but to merely codify the
10 division's reporting requirements to the General Assembly.
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12 SECTION 2. Arkansas Code 26-24-121 is amended to read as follows:
13 26-24-121. Biennial Annual report.
14 (a)(1) By June 15 of each year, The Arkansas Public Service Commission
15 the Assessment Coordination Division shall have the full power and authority
16 in the administration of the tax laws of this state to transmit to send the
17 Governor and the Legislative Council, thirty (30) days before the convening
18 of the General Assembly, a written report, which shall:
19 (A) showing Be in tabular form;
20 (B) Be organized by county and category;
21 (C) Show all the taxable property in the state, including
22 without limitation and the assessed value thereof, and other ad valorem
23 information; and
24 (D) Disclose and describe:
25 (i) Any new guidelines the division has issued to
26 educate or guide county assessors regarding the assessment of property; and
27 (ii) Any updates or changes to a division guideline
28 that is at least ten (10) years old.
29 (2) The written report required under subdivision (a)(1) of this
30 section may include suggestions by the division together with suggestions of
31 such measures as the commission may formulate and recommend for changes in
32 law that the division recommends for the consideration of the General
33 Assembly.
34 (b) A guideline required to be included in the written report required
35 under subdivision (a)(1) of this section shall not take effect before the
36 division reports the guideline to the Legislative Council under subdivision
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 As Engrossed: H3/15/21 S4/8/21 HB1543
1 (a)(1)(D) of this section.
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3 /s/Vaught
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6 APPROVED: 4/21/21
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