HB1691

House Bill 1691 amends Arkansas tax law to clarify and expand property tax exemptions for motor vehicles used by public charities. The bill explicitly includes motor vehicles used exclusively for public charity purposes, provided they are subject to a lease of at least twelve months, under the category of tax-exempt property. This legislative action aligns the treatment of leased vehicles for public charities with the existing exemptions already provided to state and local government entities. The bill seeks to offer public charities greater flexibility in choosing between leasing or purchasing vehicles for their operations without incurring personal property tax liabilities. The provisions are set to take effect for assessment years beginning on or after January 1, 2026.