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2026-07-06 17:26:56 -04:00

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---
type: "Bill"
title: "TO AMEND THE METHOD OF VALUATION UNDER ARKANSAS CONSTITUTION, ARTICLE 16, § 5, BY DEFINING THE TERMS USED IN THE ESTABLISHED METHODS OF VALUATION FOR PURPOSES OF PROPERTY TAX."
description: "TO AMEND THE METHOD OF VALUATION UNDER ARKANSAS CONSTITUTION, ARTICLE 16, § 5, BY DEFINING THE TERMS USED IN THE ESTABLISHED METHODS OF VALUATION FOR PURPOSES OF PROPERTY TAX."
jurisdiction: "us/states/ar"
legislature: "Arkansas Legislature"
session: "2025"
identifier: "SB 573"
citation: "Arkansas SB 573 (2025)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["J. Petty", "Jean"]
version_count: 2
action_count: 15
vote_count: 0
first_action: "2025-03-28T16:11:51+00:00"
last_action: "2025-04-18T21:28:30+00:00"
source: "openstates"
source_identifier: "ocd-bill/17f0c62b-9d60-4046-8f58-b7fd98357565"
source_url: "https://www.arkleg.state.ar.us/Bills/FTPDocument/?path=%2fSessionInformation%2LegislativeMeasures.txt"
source_hash: "ab19ffe422785a43e9af7d2512b78818df34e1c752d90527213ece67fc3ded87"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ar"]
---
# Arkansas SB 573 (2025) — TO AMEND THE METHOD OF VALUATION UNDER ARKANSAS CONSTITUTION, ARTICLE 16, § 5, BY DEFINING THE TERMS USED IN THE ESTABLISHED METHODS OF VALUATION FOR PURPOSES OF PROPERTY TAX.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **Act 783** (committee substitute) — [source](https://www.arkleg.state.ar.us/Acts/FTPDocument?path=%2FACTS%2F2025R%2FPublic%2F&file=783.pdf&ddBienniumSession=2025%2F2025R)
2. **SB 573** (committee substitute) — [source](https://www.arkleg.state.ar.us/assembly/2025/2025R/Bills/SB573.pdf)
## Sponsors
- J. Petty — primary (person)
- Jean — primary (person)
- Caldwell — cosponsor (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2025-03-28T16:11:51+00:00** Filed `introduction`
- **2025-03-31T19:06:36+00:00** Read first time, rules suspended, read second time, referred to REVENUE & TAX - SENATE `reading-1, referral-committee`
- **2025-04-03T00:37:09+00:00** Returned by the Committee, with the recommendation that it Do Pass `committee-passage-favorable`
- **2025-04-07T19:55:27+00:00** Read the third time and passed. `passage, reading-3`
- **2025-04-07T19:55:36+00:00** Ordered immediately transmitted to the House.
- **2025-04-07T21:36:32+00:00** RECEIVED FROM THE SENATE
- **2025-04-08T01:15:04+00:00** Read the first time, rules suspended, read the second time and referred to the Committee on AGRICULTURE, FORESTRY & ECONOMIC DEVELOPMENT- HOUSE `reading-1, reading-2, referral-committee`
- **2025-04-09T16:38:26+00:00** Returned by the Committee Do Pass `committee-passage`
- **2025-04-14T20:17:27+00:00** Read the third time and passed and ordered transmitted to the Senate. `passage, reading-3`
- **2025-04-14T20:17:31+00:00** Returned to the Senate as passed.
- **2025-04-15T00:36:23+00:00** Returned from the House as passed.
- **2025-04-15T00:36:29+00:00** ORDERED ENROLLED
- **2025-04-15T14:18:25+00:00** Reported correctly enrolled and ordered delivered to the Governor.
- **2025-04-15T14:18:31+00:00** DELIVERED TO GOVERNOR. `executive-receipt`
- **2025-04-18T21:28:30+00:00** Notification that SB573 is now Act 783 `executive-signature`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/17f0c62b-9d60-4046-8f58-b7fd98357565`. Confidence: reported (aggregated from official Arkansas legislature records).