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AR SB263

Bill

Official Source

Status

Passed

3/18/2025

Primary Sponsor

Steve Crowell

Click for details

Origin

Senate

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
  • Amends Arkansas Code § 26-26-1118(a)(1)(A) to implement the $100 increase
  • Effective for assessment years beginning on or after January 1, 2025
  • Approved on March 18, 2025 as Act 330 of the Regular Session

Legislative Description

To Increase The Homestead Property Tax Credit.

Last Action

Notification that SB263 is now Act 330

3/18/2025

Committee Referrals

Revenue and Taxation3/3/2025
Revenue & Taxation2/20/2025

Full Bill Text

No bill text available