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AR HB1143

Bill

Official Source

Status

Passed

3/30/2023

Primary Sponsor

Charlene Fite

Click for details

Origin

House of Representatives

94th General Assembly (2023 Regular)

AI Summary

  • Defines "homestead" as the dwelling that a disabled veteran, surviving spouse, or minor dependent child occupies as their principal place of residence
  • Includes up to 40 acres of contiguous real property to the dwelling in the homestead definition if the property is not used for commercial purposes
  • Defines "personal property" as tangible personal property used for purposes other than commercial or business use
  • Effective for assessment years beginning on or after January 1, 2023
  • Approved March 30, 2023

Legislative Description

To Define "homestead" For Purposes Of The Property Tax Exemption For Disabled Veterans, Surviving Spouses Of Disabled Veterans, And Minor Dependent Children Of Disabled Veterans.

Last Action

Notification that HB1143 is now Act 395

3/30/2023

Committee Referrals

Revenue and Taxation3/13/2023
Revenue & Taxation1/30/2023
Revenue and Taxation1/17/2023

Full Bill Text

No bill text available