Loading chat...

AR HB1032

Bill

Official Source

Status

Passed

3/21/2023

Primary Sponsor

Lanny Fite

Click for details

Origin

House of Representatives

94th General Assembly (2023 Regular)

AI Summary

  • Increases the homestead property tax credit from $375 to $425 per assessment year for each property owner
  • Reduces the amount of real property taxes assessed on homesteads by the credit amount
  • Effective for assessment years beginning on or after January 1, 2023
  • Amends Arkansas Code § 26-26-1118(a)(1)(A)
  • Approved March 21, 2023

Legislative Description

To Increase The Amount Of The Homestead Property Tax Credit.

Last Action

Notification that HB1032 is now Act 315

3/21/2023

Committee Referrals

Revenue & Taxation3/6/2023
Revenue and Taxation1/9/2023

Full Bill Text

No bill text available