All Roll Calls
Yes: 131 • No: 0
ArkansasSB432025 Regular SessionSenate
AN ACT FOR THE DEPARTMENT OF FINANCE AND ADMINISTRATION - ASSESSMENT COORDINATION DIVISION APPROPRIATION FOR THE 2025-2026 FISCAL YEAR.
Sponsored By: Joint Budget Committee
Enacted
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
State funds training for county assessors
From July 1, 2025, through June 30, 2026, the law provides $325,000 for the Assessor's School. It also provides $60,000 from the County Assessors' Continuing Education Trust Fund for county assessor education. The division director can shift operating expense funding to the school to cover required training for assessment staff. Those shifts require approval from the state's Chief Fiscal Officer. The funding supports professional training, not direct payments to households.
County reappraisals use school and local funds
From July 1, 2025, through June 30, 2026, the law provides $15.75 million for counties and professional companies to reappraise property. Monthly transfers, based on amounts certified by the division director, are capped at $14.25 million. These transfers draw 76% from public school funds, 16% from county aid, and 8% from municipal aid. With Chief Fiscal Officer approval, the director can transfer another $1.5 million from the division's designated state agency account. This funds legally required reappraisals, not household payments, and sets no specific change in individual property taxes.
Sponsors & Cosponsors
Sponsor
Joint Budget Committee
Affiliation unavailable
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 2/11/2025
House Vote - Tuesday, February 11, 2025 2:10:20 PM
Yes: 99 • No: 0
Senate vote • 2/10/2025
Senate Vote - Monday, February 10, 2025 2:36:59 PM
Yes: 32 • No: 0 • Other: 1
Actions Timeline
Notification that SB43 is now Act 60
2/17/2025SenateDELIVERED TO GOVERNOR.
2/11/2025SenateReported correctly enrolled and ordered delivered to the Governor.
2/11/2025SenateORDERED ENROLLED
2/11/2025SenateReturned from the House as passed.
2/11/2025SenateReturned To Senate as Passed.
2/11/2025HouseEMERGENCY CLAUSE ADOPTED
2/11/2025HouseRead the third time and passed and ordered transmitted to the Senate.
2/11/2025HouseConsidered in the Committee of the Whole, and recommended do pass.
2/11/2025HouseRULES SUSPENDED
2/11/2025HouseRead the first time, rules suspended, read the second time and placed on the CALENDAR.
2/10/2025HouseRECEIVED FROM THE SENATE
2/10/2025HouseOrdered Immediately transmitted to the House.
2/10/2025SenateEMERGENCY CLAUSE ADOPTED
2/10/2025SenateRead the third time and passed.
2/10/2025SenateReturned by the Committee, with the recommendation that it Do Pass
2/6/2025SenateRead first time, rules suspended, read second time, referred to JOINT BUDGET COMMITTEE
1/13/2025SenateFiled
1/13/2025Senate
Bill Text
SB43 - Introduced
1/13/2025
Act Version
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