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AR SB873
Bill
Status
Failed
4/22/2015
Primary Sponsor
Bobby Pierce
Click for details
AI Summary
- Establishes a homestead property tax credit that reduces real property taxes on homesteads by $350 per assessment year
- Increases the credit to $500 per assessment year for property owners who are 65 years of age or older
- Prohibits any assessment from being reduced below $0.00
- Effective for assessment years beginning on or after January 1, 2015
Legislative Description
To Provide An Increased Homestead Property Tax Credit For Persons Over A Certain Age.
Last Action
Sine Die adjournment
4/22/2015
Committee Referrals
Revenue & Taxation3/9/2015
Full Bill Text
No bill text available