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AR HB2221

Bill

Official Source

Status

Introduced

3/12/2013

Primary Sponsor

Jim Dotson

Click for details

Origin

House of Representatives

89th General Assembly (2013 Regular)

AI Summary

  • Establishes a homestead property tax credit reducing annual real property taxes on homesteads by $350 for each property owner
  • Creates an additional $100 per child homestead property tax credit for taxpayers with children ages 5-17 enrolled in private school or attending home school
  • Applies the additional credit only to children for whom the taxpayer is the parent or guardian
  • Prevents any property assessment from being reduced below zero dollars through application of these credits
  • Enacted for the 89th General Assembly Regular Session in 2013 by Representative Dotson

Legislative Description

To Create The Arkansas Education Homestead Property Tax Credit Act; And To Create An Additional Homestead Property Tax Credit.

Last Action

Recommended for study in the Interim by Joint Interim Committee on REVENUE & TAXATION- HOUSE

4/15/2013

Committee Referrals

Revenue and Taxation3/12/2013

Full Bill Text

No bill text available