HB1341

To Amend The Law Concerning County Collectors' Tax Bills And Receipts.

Introduced

Last Action (Feb. 2, 2023): WITHDRAWN BY AUTHOR

AI-Generated Summary

House Bill 1341 amends Arkansas state law regarding the information that must be included on property tax bills and tax receipts. The bill requires county collectors to provide more detailed information on tax bills, including the dollar amount distributed to each taxing unit, the specific millage rates levied by each unit, and the percentage of the property's full value represented by those levies. Additionally, the bill mandates that tax bills must include the internet address for the county's official website. The legislation also modifies the requirements for tax receipts, specifying that receipts must be provided upon the request of the taxpayer and must contain details regarding the payer, the property described, the amount paid, and the percentage rate. The purpose of these changes is to enhance transparency and help taxpayers better understand how their property tax payments are calculated and allocated.

Potential Impact Analysis

Who Might Benefit?

The primary beneficiaries are Arkansas property taxpayers, who will gain increased access to information and transparency regarding how their tax dollars are calculated and distributed across various taxing units. By requiring more detailed breakdowns on tax bills and official county websites, the bill aims to improve financial literacy and public understanding of the property tax system.

Who Might Suffer?

County collectors and their administrative offices are the entities most directly impacted, as they will face the administrative burden of updating tax billing systems and receipt formatting to comply with the new reporting requirements. These changes may require additional staff time, software updates, or adjustments to standard operational procedures to ensure that all required millage and distribution data is accurately reflected on every tax document.

Read Full Bill on arkleg.state.ar.us