summary
Introduced
02/19/2025
02/19/2025
In Committee
03/03/2025
03/03/2025
Crossed Over
03/03/2025
03/03/2025
Passed
Dead
05/05/2025
05/05/2025
Introduced Session
Potential new amendment
95th General Assembly (2025 Regular)
Bill Summary
AN ACT TO INCREASE THE HOMESTEAD PROPERTY TAX CREDIT; AND FOR OTHER PURPOSES.
AI Summary
This bill increases the homestead property tax credit in Arkansas from $500 to $600 for each assessment year, which means property owners will receive a larger reduction in their annual real property taxes on their primary residence. The tax credit is a direct dollar amount subtraction from the total property tax owed, providing financial relief to homeowners. The bill specifies that this increased credit will take effect for assessment years beginning on or after January 1, 2025, giving property owners and local tax authorities time to prepare for the change. By raising the homestead property tax credit, the legislation aims to provide additional financial support to homeowners by reducing their annual property tax burden.
Committee Categories
Budget and Finance
Sponsors (107)
Steve Crowell (R)*,
Bart Schulz (R)*,
Brandon Achor (R),
Wade Andrews (R),
Sonia Barker (R),
Lincoln Barnett (D),
Howard Beaty (R),
Mary Bentley (R),
Justin Boyd (R),
Harlan Breaux (R),
Keith Brooks (R),
Alyssa Brown (R),
Karilyn Brown (R),
Matt Brown (R),
Josh Bryant (R),
Nick Burkes (R),
Rebecca Burkes (R),
Ron Caldwell (R),
Joey Carr (R),
Fran Cavenaugh (R),
Paul Childress (R),
Alan Clark (R),
Nicole Clowney (D),
Cameron Cooper (R),
Bruce Cozart (R),
Cindy Crawford (R),
Carol Dalby (R),
Breanne Davis (R),
Tyler Dees (R),
Jonathan Dismang (R),
Matt Duffield (R),
Hope Duke (R),
James Eaton (R),
Les Eaves (R),
Jane English (R),
Denise Ennett (D),
Brian Evans (R),
Ken Ferguson (D),
Scott Flippo (R),
Stephanie Flowers (D),
Tony Furman (R),
Denise Garner (D),
Jimmy Gazaway (R),
Ben Gilmore (R),
Justin Gonzales (R),
Diana Gonzales Worthen (D),
Brad Hall (R),
Kim Hammer (R),
R.J. Hawk (R),
Dolly Henley (R),
Bart Hester (R),
Ricky Hill (R),
Mike Holcomb (R),
Steve Hollowell (R),
Ashley Hudson (D),
Missy Irvin (R),
Blake Johnson (R),
Mark Johnson (R),
Greg Leding (D),
Wayne Long (R),
Fred Love (D),
Robin Lundstrum (R),
John Maddox (R),
Steve Magie (D),
Mindy McAlindon (R),
Rick McClure (R),
Austin McCollum (R),
Tippi McCullough (D),
Jessie McGruder (D),
Ron McNair (R),
Jon Milligan (R),
Jeremiah Moore (R),
Kendra Moore (R),
Reginald Murdock (D),
Stetson Painter (R),
John Payton (R),
Shad Pearce (R),
Clint Penzo (R),
Mark Perry (D),
Jim Petty (R),
Chad Puryear (R),
David Ray (R),
Terry Rice (R),
Jay Richardson (D),
Scott Richardson (R),
Marcus Richmond (R),
Ryan Rose (R),
Johnny Rye (R),
Jamie Scott (D),
Joy Springer (D),
Trey Steimel (R),
Matt Stone (R),
Gary Stubblefield (R),
Dan Sullivan (R),
Randy Torres (R),
Dwight Tosh (R),
Clarke Tucker (D),
Kendon Underwood (R),
Steve Unger (R),
DeAnn Vaught (R),
Steven Walker (R),
Dave Wallace (R),
Les Warren (R),
David Whitaker (D),
Carlton Wing (R),
Jeremy Wooldridge (R),
Jim Wooten (R),
Last Action
Died in Senate Committee at Sine Die adjournment. (on 05/05/2025)
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://arkleg.state.ar.us/Bills/Detail?id=hb1534&ddBienniumSession=2025%2F2025R |
Fiscal Note/Analysis | https://arkleg.state.ar.us/Home/FTPDocument?path=%2FAssembly%2F2025%2F2025R%2FFiscal+Impacts%2FHB1534-DFA1.pdf |
House Amendment H1 | https://arkleg.state.ar.us/Home/FTPDocument?path=%2FAMEND%2F2025R%2FPublic%2FHB1534-H1.pdf |
BillText | https://arkleg.state.ar.us/Home/FTPDocument?path=%2FBills%2F2025R%2FPublic%2FHB1534.pdf |
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