(a)(1) By June 15 of each year, the Assessment Coordination Division shall send the Governor and the Legislative Council a written report, which shall:(A) Be in tabular form;(B) Be organized by county and category;(C) Show all the taxable property in the state, including without limitation the assessed value and other ad valorem information; and(D) Disclose and describe: (i) Any new guidelines the division has issued to educate or guide county assessors regarding the assessment of property; and(ii) Any updates or changes to a division guideline that is at least ten (10) years old.(2) The written report required under subdivision (a)(1) of this section may include suggestions by the division for changes in law that the division recommends for the consideration of the General Assembly.(b) A guideline required to be included in the written report required under subdivision (a)(1) of this section shall not take effect before the division reports the guideline to the Legislative Council under subdivision (a)(1)(D) of this section.Amended by Act 2021, No. 823,§ 2, eff. 7/28/2021.Acts 1927, No. 129, § 12; Pope's Dig., § 2038; A.S.A. 1947, § 84-103.
Arkansas Legal Code