All Roll Calls
Yes: 221 • No: 5
ArkansasHB19602025 Regular SessionHouseWALLET
TO PROVIDE THAT THE LESSEE OF A LEASED MOTOR VEHICLE IS THE OWNER FOR PURPOSES OF THE ASSESSMENT AND PAYMENT OF PROPERTY TAXES; AND TO AMEND THE LAW CONCERNING LOCAL SALES AND USE TAXES ON CERTAIN TANGIBLE PERSONAL PROPERTY.
Sponsored By: Matt Stone (Republican), Jeff Wardlaw (Republican)
Enacted
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
Vehicle lessees must pay property taxes
Beginning with the 2025 assessment year, Arkansas treats vehicle lessees as owners for property tax assessment and payment. This applies when the lease contract allows use for more than 30 days. Lessees must list the vehicle with the required county assessor during the annual January 1–May 31 assessment period. The tax amount depends on the vehicle and local tax rules.
Local tax caps for buyers and lessees
Covered Arkansas local sales and use taxes apply only to the first $2,500 of a sale or lease price. Covered property includes motor vehicles, aircraft, watercraft, modular homes, manufactured homes, and mobile homes. For installment sales or leases, the limit applies to all payments combined, not separately to each payment. Tax is collected with the first payment or spread evenly across payments; sellers must report county taxes separately where required. These rules cover county, municipal, and related financing taxes, starting the first calendar quarter after the act's effective date.
Sponsors & Cosponsors
Sponsors
Matt Stone
Republican • Senate
Jeff Wardlaw
Republican • House
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 4/15/2025
House Vote - Tuesday, April 15, 2025 3:12:00 PM
Yes: 97 • No: 0
Senate vote • 4/14/2025
Senate Vote - Monday, April 14, 2025 3:39:29 PM
Yes: 25 • No: 5 • Other: 3
House vote • 4/9/2025
House Vote - Wednesday, April 9, 2025 2:50:48 PM
Yes: 99 • No: 0
Actions Timeline
Notification that HB1960 is now Act 1013
4/22/2025HouseCorrectly enrolled and ordered transmitted to the Governor's Office.
4/16/2025HouseTO BE ENROLLED
4/15/2025HouseSenate amendment # 1 read and concurred in.
4/15/2025HouseReturned from Senate as passed, as amended # 1
4/14/2025HouseReturned to the House as passed as amended # 1 .
4/14/2025SenateRead the third time and passed.
4/14/2025SenateReturned by the Committee, with the recommendation that it Do Pass
4/10/2025SenateRe-referred to REVENUE & TAX - SENATE
4/9/2025SenateREPORTED CORRECTLY ENGROSSED
4/9/2025SenateAmendment # 1 read the first time, rules suspended, read the second time and adopted, ordered engrossed.
4/9/2025SenateWithdrawn from Committee and placed on 2nd reading for purpose of amendment # 1
4/9/2025SenateRules suspended.
4/9/2025SenateRead first time, rules suspended, read second time, referred to REVENUE & TAX - SENATE
4/9/2025SenateReceived from the House.
4/9/2025SenateRead the third time and passed and ordered transmitted to the Senate.
4/9/2025HouseReturned by the Committee Do Pass
4/8/2025HouseRead the first time, rules suspended, read the second time and referred to the Committee on REVENUE & TAXATION- HOUSE
4/1/2025HouseFiled
4/1/2025House
Bill Text
HB1960 - Introduced
4/1/2025
Act Version
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