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AR HB1729

Bill

Official Source

Status

Passed

4/16/2025

Primary Sponsor

Rebecca Burkes

Click for details

Origin

House of Representatives

95th General Assembly (2025 Regular)

AI Summary

  • Amends Arkansas Code § 16-66-210 to expand homestead exemption eligibility to properties owned by limited liability companies (LLCs)

  • Allows married couples who are the only two members of an LLC to claim the homestead exemption on LLC-owned property

  • Permits single-member LLCs to claim the exemption when the sole member is a natural person who is married or head of a family

  • Approved April 16, 2025 as Act 679 of the Regular Session

Legislative Description

To Amend The Homestead Exemption Act; And To Provide That A Homestead Owned By A Limited Liability Company Is Eligible For The Homestead Exemption In Certain Circumstances.

Last Action

Notification that HB1729 is now Act 679

4/16/2025

Committee Referrals

Judiciary3/31/2025
Judiciary3/10/2025

Full Bill Text

No bill text available