Stricken language would be deleted from and underlined language would be added to present law.
Act 121 of the Regular Session
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State of Arkansas 1
95th General Assembly A Bill 2
Regular Session, 2025 HOUSE BILL 1074 3
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By: Representative Ray 5
By: Senator Crowell 6
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For An Act To Be Entitled 8
AN ACT TO AMEND THE LAW CONCERNING THE FUNDS USED FOR 9
PROVIDING PROPERTY TAX RELIEF; TO AMEND THE PROPERTY 10
TAX RELIEF TRUST FUND; TO REQUIRE A HIGHER VOTE 11
THRESHOLD FOR USING MONEYS IN THE PROPERTY TAX RELIEF 12
TRUST FUND FOR PURPOSES OTHER THAN PROPERTY TAX 13
RELIEF; AND FOR OTHER PURPOSES. 14
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Subtitle 17
TO AMEND THE PROPERTY TAX RELIEF TRUST 18
FUND; AND TO REQUIRE A HIGHER VOTE 19
THRESHOLD FOR USING MONEYS IN THE 20
PROPERTY TAX RELIEF TRUST FUND FOR 21
PURPOSES OTHER THAN PROPERTY TAX RELIEF. 22
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BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 24
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SECTION 1. Arkansas Code § 19 -5-1103(b), concerning the Property Tax 26
Relief Trust Fund, is amended to read as follows: 27
(b) The fund shall consist of such revenues as generated by §§ 26 -52-28
302(c), 26-52-317(c)(1)(B), 26-52-319(a)(2)(B), 26-53-107(c), 26-53-29
145(c)(1)(B), 26-53-148(a)(2)(B), and 26 -56-224(c)(2). and 30
(c) The fund shall be used for: such purposes as set out 31
(1) Property tax relief; and 32
(2) Any other purpose authorized by the General Assembly, 33
subject to the requirements stated in § 26-26-310. 34
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SECTION 2. Arkansas Code § 26 -26-310, concerning certification of the 36 HB1074
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amount of the property tax reduction and the distribution of property tax 1
relief funds, is amended to add an additional subsection to read as follows: 2
(e)(1) Except as provided in subdivision (e)(2) of this section, a 3
distribution from the Property Tax Relief Trust Fund under this section shall 4
be for the purpose of providing property tax relief. 5
(2) The General Assembly shall not authorize a use of the funds 6
in the Property Tax Relief Trust Fund for a purpose other than providing 7
property tax relief under this section unless the purpose is approved by a 8
three-fourths (3/4) vote of each house of the General Assembly. 9
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APPROVED: 2/18/25 12
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