Order

2025R: HB1386 ACT 410

TO AMEND THE LAW CONCERNING THE ASSESSMENT OF PROPERTY; TO AMEND THE LAW CONCERNING SUBSTANTIAL IMPROVEMENTS TO REAL PROPERTY; AND TO AMEND THE METHOD OF VALUATION FOR REAL PROPERTY UNDER ARKANSAS CONSTITUTION, ARTICLE 16, § 5.

Latest action: Notification that HB1386 is now Act 410

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Sponsor	Role
Cavenaugh	lead
J. Bryant	primary
Lundstrum	cosponsor

When	Chamber	Action
Feb 3, 2025, 3:02 p.m. CT	House	Filed
Feb 3, 2025, 5:30 p.m. CT	House	Read the first time, rules suspended, read the second time and referred to the Committee on REVENUE & TAXATION- HOUSE
Feb 27, 2025, 8:39 a.m. CT	House	Placed on second reading for the purpose of amendment.
Feb 27, 2025, 8:39 a.m. CT	House	Amendment No. 1 read and adopted and the bill ordered engrossed.
Feb 27, 2025, 11:57 a.m. CT	House	REPORTED CORRECTLY ENGROSSED
Mar 6, 2025, 1:37 p.m. CT	House	Returned by the Committee Do Pass
Mar 10, 2025, 2:12 p.m. CT	House	Read the third time and passed and ordered transmitted to the Senate. ·
Mar 10, 2025, 5:42 p.m. CT	Senate	Received from the House.
Mar 10, 2025, 5:42 p.m. CT	Senate	Read first time, rules suspended, read second time, referred to REVENUE & TAX - SENATE
Mar 19, 2025, 1:47 p.m. CT	Senate	Returned by the Committee, with the recommendation that it Do Pass
Mar 20, 2025, 3:16 p.m. CT	Senate	Read the third time and passed. ·
Mar 20, 2025, 3:16 p.m. CT	Senate	Returned to the House as passed.
Mar 20, 2025, 4:02 p.m. CT	House	Returned from the Senate as passed.
Mar 20, 2025, 4:02 p.m. CT	House	TO BE ENROLLED
Mar 21, 2025, 9:04 a.m. CT	House	Correctly enrolled and ordered transmitted to the Governor's Office.
Mar 25, 2025, 8:27 a.m. CT	House	Notification that HB1386 is now Act 410

Meetings

When	Meeting	Video
Mar 6, 2025, 10:00 a.m. CT	House Revenue and Taxation Committee · Committee Room 151	Video Add to Google Calendar Add to Apple Calendar
Mar 10, 2025, 1:30 p.m. CT	House Meeting · House	Video Add to Google Calendar Add to Apple Calendar
Mar 19, 2025, 10:00 a.m. CT	Senate Revenue and Taxation · Old Supreme Court	Video Add to Google Calendar Add to Apple Calendar
Mar 20, 2025, 1:30 p.m. CT	Senate Floor Session · Senate Chamber	Video Add to Google Calendar Add to Apple Calendar

Filed amendments on record: H1 (House) by Cavenaugh, filed Feb 26, 2025, 5:00 p.m. CT: Hall of the House of Representatives 95th General Assembly - Regular Session, 2025 Amendment Form ______________________________________________________________________ Subtitle of House Bill 1386 TO AMEND THE LAW CONCERNING THE ASSESSMENT OF PROPERTY; TO AMEND THE LAW CONCERNING.

Number	Chamber	Sponsor	Introduced
H1	House	Cavenaugh	Feb 26, 2025, 5:00 p.m. CT

Fiscal impact

DFA1 · Feb 11, 2025

Fiscal Impact Statement Bill: HB1386 Bill Subtitle: TO AMEND THE LAW CONCERNING THE ASSESSMENT OF PROPERTY; TO AMEND THE LAW CONCERNING SUBSTANTIAL IMPROVEMENTS TO REAL PROPERTY; AND TO AMEND THE METHOD OF VALUATION FOR REAL PROPERTY UNDER ARKANSAS CONSTITUTION, ARTICLE 16, § 5. --------------------------------------------------------------------------------------------------------------------------------------- Sponsors: Reps. Cavenaugh and Lundstrum Sen. Bryant Basic Change: HB1386 amends § 26-26-1122 by defining the term "substantial improvement" and repealing language authorizing the Assessment Coordination Division of the Department of Finance and Administration (ACD) to define the term by rule. HB1386 defines "substantial improvement" to mean an improvement to real property that increases the square footage of the real property by at least 25%. A necessary repair made to real property to remedy damage done by a natural disaster would not constitute a substantial improvement. The existing ACD definition of substantial improvement is, in relevant part, a "Renovation, reconstruction, and refurbishment occurring to further a change in the use and/or class of an improvement . . .

DFA2 · Mar 7, 2025

Committee actions

Do Pass · Senate · Mar 19, 2025, 1:47 p.m. CT
Returned by the Committee, with the recommendation that it Do Pass
Do Pass · House · Mar 6, 2025, 1:37 p.m. CT
Returned by the Committee Do Pass

Floor roll calls

Senate · RCS 679

Thursday, March 20, 2025 3:16:15 PM · arkleg

27Yea

1Nay

4Not voting

1Present

2Excused

Yea (27)

Not voting (4)

House · RCS 476

Monday, March 10, 2025 2:12:45 PM · arkleg

99Yea

0Nay

1Not voting

0Present

0Excused

Yea (99)

Not voting (1)

Matt Duffield (R)

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Last checked Nov 12, 2026, 10:55 a.m. CT.

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