Stricken language would be deleted from and underlined language would be added to present law.
*JLL213* 02/20/2025 7:07:02 AM JLL213
State of Arkansas 1
95th General Assembly A Bill 2
Regular Session, 2025 SENATE BILL 263 3
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By: Senators Crowell, J. Boyd, J. Bryant, Caldwell, A. Clark, B. Davis, Dees, J. Dismang, J. English, 5
Flippo, S. Flowers, Gilmore, K. Hammer, Hester, Hill, Irvin, B. Johnson, M. Johnson, G. Leding, F. Love, 6
R. Murdock, J. Payton, C. Penzo, J. Petty, Rice, J. Scott, Stone, G. Stubblefield, D. Sullivan, C. Tucker, 7
D. Wallace 8
By: Representatives Schulz, Achor, Andrews, Barnett, Beaty Jr., Bentley, Breaux, Brooks, A. Brown, K. 9
Brown, M. Brown, N. Burkes, R. Burkes, Joey Carr, Cavenaugh, Childress, Clowney, C. Cooper, Cozart, 10
Crawford, Dalby, Duffield, Duke, Eaton, Ennett, Evans, D. Garner, Gazaway, Gonzales, Gonzales 11
Worthen, Hall, Hawk, Henley, Holcomb, Hollowell, Hudson, Long, Lundstrum, Maddox, Magie, 12
McClure, McCollum, McCullough, McGruder, McNair, J. Moore, K. Moore, Painter, Pearce, Perry, 13
Puryear, Ray, J. Richardson, R. Scott Richardson, Richmond, Rose, Rye, Springer, Steimel, Torres, Tosh, 14
Underwood, Unger, Vaught, Walker, Warren, D. Whitaker, Wing, Wooldridge, Wooten 15
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For An Act To Be Entitled 17
AN ACT TO INCREASE THE HOMESTEAD PROPERTY TAX CREDIT; 18
AND FOR OTHER PURPOSES. 19
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Subtitle 22
TO INCREASE THE HOMESTEAD PROPERTY TAX 23
CREDIT. 24
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BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 26
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SECTION 1. Arkansas Code ยง 26 -26-1118(a)(1)(A), concerning the 28
homestead property tax credit, is amended to read as follows: 29
(a)(1)(A) There is established a homestead property tax credit for 30
each assessment year that reduces the amount of real property taxes assessed 31
on the homestead of each property owner by five hundred dollars ($500) six 32
hundred dollars ($600) . 33
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SECTION 2. EFFECTIVE DATE. Section 1 of this act is effective for 35
assessment years beginning on or after January 1, 2025. 36