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Effective with the 1986 election, Arkansas had changed its gubernatorial term of office from two to four years. During his term, he helped transform Arkansas's economy and improved the state's educational system. [52] For senior citizens, he removed the sales tax from medications and increased the home property-tax exemption. [53]
Arkansas provides a $500 annual homestead property credit toward the amount of property taxes due. Seniors can have their homestead assessed value "frozen" at the next assessment date after reaching age 65. California exempts the first $7,000 of residential homestead from property taxes.
The use tax imposes a compensating tax equal in amount to the sales tax that would have been imposed on the sale of the property, if the sale had occurred within the state's taxing jurisdiction. [3] The use tax is typically assessed at the same rate as the sales tax that would have been owed, and generally the taxability of the good or service ...
Since apportionment of income taxes is impractical, the Court's decision had the effect of prohibiting a federal tax on income from property. The power to tax real and personal property, or that such was a direct tax, was not denied by the Constitution. [15]
Amended portion of AR statute 5-73-120 (description of "carrying a weapon" as seen from a legal standpoint): [7] (a) A person commits the offense of carrying a weapon if he or she possesses a handgun, knife, or club on or about his or her person, in a vehicle occupied by him or her, or otherwise readily available for use with a purpose to attempt to unlawfully employ the handgun, knife, or ...
NWACC was founded by voters in the Bentonville and Rogers Public School Districts on August 15, 1989, when they passed by a 65-percent margin a 3-mill property tax to support the new institution. NWACC opened its doors to 1,200 students in August 1990 and has in excess of 8,300 college credit students (Fall 2018), making it one of the largest ...
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