2025 Regular SessionArkansas Legislature

SB573

Legislative Summary

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.

Demographic Impact

Overall analysis of equity impact

60% Positive
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

3/28/2025
Filed
Senate
3/31/2025
Read first time, rules suspended, read second time, referred to REVENUE & TAX - SENATE
Senate
4/2/2025
Returned by the Committee, with the recommendation that it Do Pass
Senate
4/7/2025
Read the third time and passed.
Senate
4/7/2025
Ordered immediately transmitted to the House.
Senate
4/7/2025
RECEIVED FROM THE SENATE
House of Representatives
4/7/2025
Read the first time, rules suspended, read the second time and referred to the Committee on AGRICULTURE, FORESTRY & ECONOMIC DEVELOPMENT- HOUSE
House of Representatives
4/9/2025
Returned by the Committee Do Pass
House of Representatives
4/14/2025
Read the third time and passed and ordered transmitted to the Senate.
House of Representatives
4/14/2025
Returned to the Senate as passed.
House of Representatives
4/14/2025
Returned from the House as passed.
Senate
4/14/2025
ORDERED ENROLLED
Senate
4/15/2025
Reported correctly enrolled and ordered delivered to the Governor.
Senate
4/15/2025
DELIVERED TO GOVERNOR.
Senate
4/18/2025
Notification that SB573 is now Act 782
Senate

Roll Call Votes

Third Reading
4/14/2025
90
Yea
2
Nay
8
Not Voting
0
Absent
Result: PASSED
Third Reading
4/7/2025
33
Yea
0
Nay
2
Not Voting
0
Absent
Result: PASSED

Status Information

Current Status
Passed(4/18/2025)
Chamber
Senate

Sponsors

Republican: 3

Primary Sponsor

Jim Petty
Jim Petty
Republican

Documents

Chaptered
Bill Text4/21/2025130.0 KB
Draft
Bill Text3/28/2025126.8 KB
Fiscal Note/Analysis
Fiscal Note/Analysis4/1/202528.9 KB