AMENDMENT 57 | INTANGIBLE PERSONAL PROPERTY

§1. Intangible personal property — Assessment and taxation.

The General Assembly may classify intangible personal property for assessment at lower percentages of value than other property and may exempt one or more classes of intangible personal property from taxation, or may provide for the taxation of intangible personal property on a basis other than ad valorem.

§2. Effect on other constitutional provisions.

The provisions of this Amendment shall be in lieu of those provisions of Article 16, Section 5 of the Constitution of the State of Arkansas relating to the assessment and taxation of intangible personal property.

Congratulations! You're now booked up on Amendment 57 of the Arkansas Constitution!

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AMENDMENT 57 | INTANGIBLE PERSONAL PROPERTY

§1. Intangible personal property — Assessment and taxation.

§2. Effect on other constitutional provisions.

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AMENDMENT 57 | INTANGIBLE PERSONAL PROPERTY

§1. Intangible personal property — Assessment and taxation.

§2. Effect on other constitutional provisions.

Pages That YouMight Also Like

add a comment

thank you, come again!TBD 1.037

Submit a Quiz Question

That Will Test Another User's Page-Specific Knowledge

Pages That You
Might Also Like

thank you, come again!
TBD 1.037