Arkansas lawmakers propose repeal of personal property tax reporting requirement

Arkansas lawmakers are poised to simplify property tax assessments with the introduction of House Bill 1911, a legislative proposal aimed at easing the reporting burden on property owners. Introduced on March 31, 2025, by Representative Lundstrum and Senator J. Bryant, the bill seeks to repeal the requirement that personal property subject to taxation be listed or reported by the property owner.

The primary objective of House Bill 1911 is to streamline the property tax assessment process, which has been criticized for being cumbersome and outdated. By eliminating the need for property owners to report their personal property, the bill aims to reduce administrative burdens on both taxpayers and county assessors. This change could potentially lead to a more efficient assessment process, allowing local governments to allocate resources more effectively.

The bill has sparked discussions among lawmakers and stakeholders regarding its implications. Proponents argue that removing the reporting requirement will encourage compliance and reduce the number of delinquent assessments, ultimately benefiting local revenue streams. However, some critics express concerns that the change may lead to underreporting of personal property, which could impact tax revenues.

As the bill progresses through the legislative process, its economic implications are becoming a focal point of debate. If passed, House Bill 1911 could significantly alter how property taxes are assessed in Arkansas, potentially leading to a more equitable system for property owners while also raising questions about the long-term effects on local government funding.

The Arkansas General Assembly will continue to review the bill, with discussions expected to address both its potential benefits and drawbacks. As lawmakers weigh the future of property tax assessments, the outcome of House Bill 1911 could set a precedent for similar reforms in other states.