Loading chat...

AR HB1534

Bill

Official Source

Status

Failed

5/5/2025

Primary Sponsor

Bart Schulz

Click for details

Origin

House of Representatives

95th General Assembly (2025 Regular)

AI Summary

  • Increases the homestead property tax credit from $500 to $600 per assessment year for each property owner's homestead
  • Reduces real property taxes assessed on qualifying homesteads by the credit amount
  • Effective for assessment years beginning on or after January 1, 2025
  • Amends Arkansas Code § 26-26-1118(a)(1)(A)

Legislative Description

To Increase The Homestead Property Tax Credit.

Last Action

Died in Senate Committee at Sine Die adjournment.

5/5/2025

Committee Referrals

Revenue & Taxation3/3/2025
Revenue and Taxation2/19/2025

Full Bill Text

No bill text available