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AR HB1809
Bill
Status
4/17/2025
Primary Sponsor
Les Warren
Click for details
AI Summary
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Expands the disabled veteran property tax exemption to include homesteads owned by revocable trusts formed by the disabled veteran, irrevocable trusts where the veteran is a beneficiary, or LLCs where the sole members are the veteran or the veteran and spouse
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Homestead must be the veteran's principal place of residence and may include up to 40 acres of contiguous non-commercial property
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Requires veterans claiming the exemption for trust or LLC-owned property to provide documentation to the county collector, including signed, notarized trust documents or proof of eligibility
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Personal property exemption applies only to tangible items used for non-commercial purposes that are registered in the disabled veteran's name
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Effective for assessment years beginning on or after January 1, 2026; approved April 17, 2025
Legislative Description
To Allow For Property Owned By A Trust Or A Limited Liability Company To Qualify As A Homestead For Purposes Of The Property Tax Exemption For Disabled Veterans In Certain Circumstances.
Last Action
Notification that HB1809 is now Act 880
4/17/2025