TO PROVIDE FOR CERTAIN PROPERTY TO BE EXEMPT FROM TAXATION.

HB 1599 would have amended Arkansas law to exempt motor vehicles leased for at least 12 months by institutions of public charity (such as hospitals or shelters) from property taxation. This change would have expanded existing tax exemptions for these institutions' buildings, land, and other assets to include qualifying leased vehicles. The bill, filed in February 2025, was scheduled to take effect for property tax assessments starting January 1, 2026. However, the bill was withdrawn by its author on March 11, 2025, and did not become law.