AR
Arkansas Senate Bill SB263

Arkansas 2025 Regular Session

Arkansas Senate Bill SB263 Compare Versions

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11 Stricken language would be deleted from and underlined language would be added to present law.
2-Act 330 of the Regular Session
3-*JLL213* 02-27-2025 13:06:49 JLL213
4-
5-State of Arkansas As Engrossed: S2/27/25 1
2+*JLL213* 02/20/2025 7:07:02 AM JLL213
3+State of Arkansas 1
64 95th General Assembly A Bill 2
75 Regular Session, 2025 SENATE BILL 263 3
86 4
97 By: Senators Crowell, J. Boyd, J. Bryant, Caldwell, A. Clark, B. Davis, Dees, J. Dismang, J. English, 5
10-Flippo, S. Flowers, Gilmore, K. Hammer, Hester, Hill, Irvin, B. Johnson, M. Johnson, G. Leding, F. 6
11-Love, R. Murdock, J. Payton, C. Penzo, J. Petty, Rice, J. Scott, Stone, G. Stubblefield, D. Sullivan, C. 7
12-Tucker, D. Wallace 8
8+Flippo, S. Flowers, Gilmore, K. Hammer, Hester, Hill, Irvin, B. Johnson, M. Johnson, G. Leding, F. Love, 6
9+R. Murdock, J. Payton, C. Penzo, J. Petty, Rice, J. Scott, Stone, G. Stubblefield, D. Sullivan, C. Tucker, 7
10+D. Wallace 8
1311 By: Representatives Schulz, Achor, Andrews, Barnett, Beaty Jr., Bentley, Breaux, Brooks, A. Brown, K. 9
1412 Brown, M. Brown, N. Burkes, R. Burkes, Joey Carr, Cavenaugh, Childress, Clowney, C. Cooper, Cozart, 10
1513 Crawford, Dalby, Duffield, Duke, Eaton, Ennett, Evans, D. Garner, Gazaway, Gonzales, Gonzales 11
1614 Worthen, Hall, Hawk, Henley, Holcomb, Hollowell, Hudson, Long, Lundstrum, Maddox, Magie, 12
1715 McClure, McCollum, McCullough, McGruder, McNair, J. Moore, K. Moore, Painter, Pearce, Perry, 13
1816 Puryear, Ray, J. Richardson, R. Scott Richardson, Richmond, Rose, Rye, Springer, Steimel, Torres, Tosh, 14
19-Underwood, Unger, Vaught, Walker, Warren, D. Whitaker, Wing, Wooldridge, Wooten, Barker, Eaves, 15
20-K. Ferguson, Furman, McAlindon, Milligan 16
21- 17
22-For An Act To Be Entitled 18
23-AN ACT TO INCREASE THE HOMESTEAD PROPERTY TAX CREDIT; 19
24-AND FOR OTHER PURPOSES. 20
25- 21
26- 22
27-Subtitle 23
28-TO INCREASE THE HOMESTEAD PROPERTY TAX 24
29-CREDIT. 25
30- 26
31-BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 27
32- 28
33- SECTION 1. Arkansas Code § 26 -26-1118(a)(1)(A), concerning the 29
34-homestead property tax credit, is amended to read as follows: 30
35- (a)(1)(A) There is established a homestead property tax credit for 31
36-each assessment year that reduces the amount of real property taxes assessed 32
37-on the homestead of each property owner by five hundred dollars ($500) six 33
38-hundred dollars ($600) . 34
39- 35
40- SECTION 2. EFFECTIVE DATE. Section 1 of this act is effective for 36 As Engrossed: S2/27/25 SB263
41-
42- 2 02-27-2025 13:06:49 JLL213
43-
44-
45-assessment years beginning on or after January 1, 2025. 1
46- 2
47-/s/Crowell 3
48- 4
49- 5
50-APPROVED: 3/18/25 6
51- 7
52- 8
53- 9
54- 10
55- 11
56- 12
57- 13
58- 14
59- 15
17+Underwood, Unger, Vaught, Walker, Warren, D. Whitaker, Wing, Wooldridge, Wooten 15
6018 16
61- 17
62- 18
63- 19
19+For An Act To Be Entitled 17
20+AN ACT TO INCREASE THE HOMESTEAD PROPERTY TAX CREDIT; 18
21+AND FOR OTHER PURPOSES. 19
6422 20
6523 21
66- 22
67- 23
68- 24
24+Subtitle 22
25+TO INCREASE THE HOMESTEAD PROPERTY TAX 23
26+CREDIT. 24
6927 25
70- 26
28+BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 26
7129 27
72- 28
73- 29
74- 30
75- 31
76- 32
77- 33
30+ SECTION 1. Arkansas Code § 26 -26-1118(a)(1)(A), concerning the 28
31+homestead property tax credit, is amended to read as follows: 29
32+ (a)(1)(A) There is established a homestead property tax credit for 30
33+each assessment year that reduces the amount of real property taxes assessed 31
34+on the homestead of each property owner by five hundred dollars ($500) six 32
35+hundred dollars ($600) . 33
7836 34
79- 35
80- 36
37+ SECTION 2. EFFECTIVE DATE. Section 1 of this act is effective for 35
38+assessment years beginning on or after January 1, 2025. 36