(a) The returns of the persons, firms, companies, copartnerships, associations, and corporations whose assessment is provided for by this subchapter shall not be held to be conclusive as to the value of the property so returned, but the Tax Division of the Arkansas Public Service Commission may make such assessment of the property as it may deem just and equitable.
(b) The division shall ascertain the value of all property, tangible and intangible, including good will, easements, and franchises, except the right to be a corporation, it being the purpose of this subchapter to include in the valuation every element that adds value to the property.
Section: Previous 26-26-1602 26-26-1603 26-26-1604 26-26-1605 26-26-1606 26-26-1607 26-26-1608 26-26-1609 26-26-1610 26-26-1611 26-26-1612 26-26-1613 26-26-1614 26-26-1615 NextLast modified: November 15, 2016