TO AMEND THE METHOD OF VALUATION FOR MINERAL RIGHTS UNDER ARKANSAS CONSTITUTION, ARTICLE 16, § 5; AND TO CLARIFY THE METHOD OF VALUATION FOR OIL AND GAS WELL PRODUCTION EQUIPMENT.
House Bill 1937, now Act 821, modifies how certain assets are valued for assessment purposes in Arkansas. It amends the method used to value mineral rights, as outlined in Article 16, Section 5 of the Arkansas Constitution. The bill also clarifies the valuation process for oil and gas well production equipment. These changes are effective for assessment years beginning on or after January 1, 2025.
Bill status
signed
all 5 stages cleared
Introduction
Mar 2025
Committee Review
Apr 2025
House Passage
Apr 2025
Senate Passage
Apr 2025
Signed into Law
Apr 2025
Introduced Mar 31, 2025
Signed Apr 17, 2025
Maddy AI version diff · 1 comparison
What changed between versions
Act 821
→
HB 1937
·
2 edits
MINOR
The bill text was reformatted from Act 821 to HB 1937, removing the approval date signature line while adding new header formatting and spacing. This appears to be a technical amendment for legislative tracking rather than a substantive policy change.
TECHNICAL
Removed the approval date and signature line that previously appeared in Act 821
Added new blank lines and updated header formatting with 'As Engrossed' date and bill number
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
16
Key actions
7
Committee
2
Amendments
1
Apr 17, 2025
Signed into law
Notification that HB1937 is now Act 821
lower
Apr 14, 2025
Lower · Passed
Returned from the Senate as passed.
lower
Apr 14, 2025
Upper · Passed
Returned to the House as passed.
upper
Apr 14, 2025
Upper · Passed
Read the third time and passed.
upper
Apr 9, 2025
Upper · Passed
Returned by the Committee, with the recommendation that it Do Pass
upper
Apr 7, 2025
Lower · Passed
Read the third time and passed and ordered transmitted to the Senate.
lower
Apr 3, 2025
Introduced
Amendment No. 1 read and adopted and the bill ordered engrossed.
lower
Apr 2, 2025
Lower · Passed
Returned by the Committee with the recommendation that it do pass as amended 1
lower
Mar 31, 2025
Introduced
Filed
lower
2 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
P
Lane Jean
RRepublican
P
Matt Stone
RRepublican
Co
Ron Caldwell
RRepublican
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