The unconstitutional billboard tax break is back UPDATE The unconstitutional billboard tax break is back UPDATE April 1, 202110:53 am On the top of the agenda in the House Revenue and Taxation Committee, this afternoon is a bill to again try to legalize a tax break for billboard companies. UPDATE: The bill failed to get an endorsement on a voice voter after opposition from the Association of Arkansas Counties and Washington County Assessor Russell Hill, who explained why creating a separate class of treatment for one type of real estate owner was a bad idea. Advertisement It is Rep. Jim Dotson’s 1821 to allow billboards to be appraised for property taxes based on the cost of the billboard, not the market value of the property on which it sits.