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AR HB1129
Bill
Status
3/25/2025
Primary Sponsor
Zack Gramlich
Click for details
AI Summary
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Expands the property tax exemption for disabled veterans, surviving spouses, and minor dependent children by increasing the eligible homestead acreage from 40 acres to 160 acres of contiguous real property
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Contiguous property must not be used for commercial purposes to qualify for the exemption
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Applies to the dwelling occupied as the principal place of residence by eligible individuals
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Effective for assessment years beginning on or after January 1, 2025
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Approved March 25, 2025 as Act 407 of the Regular Session
Legislative Description
To Amend The Definition Of "homestead" For The Purpose Of The Property Tax Exemption For Disabled Veterans, Surviving Spouses, And Minor Dependent Children.
Last Action
Notification that HB1129 is now Act 407
3/25/2025