The General Assembly shall not have power to levy State taxes for any one year to exceed in the aggregate one per cent of the assessed valuation of the property of the State for that year.
Ark. Const. art. XVI, § 8 — under Finance And Taxation.
Ark. Const. art. XVI, § 8
Section 8
The General Assembly shall not have power to levy State taxes for any one year to exceed in the aggregate one per cent of the assessed valuation of the property of the State for that year.