ArkansasArkansas senators would let a lawmaker introduce a homestead tax credit bill
Arkansas senators would authorize Representative Schulz to introduce a bill describing a $675 homestead tax credit for assessment years beginning in 2026.
What it does
Arkansas senators would authorize Representative Schulz to introduce a bill describing a $675 credit for property taxes on a homestead. The resolution itself would not provide the credit.
Argument forIf adopted, the proposed $675 credit could lower property taxes for homeowners whose property qualifies as a homestead.
Argument againstIf the bill were adopted, renters and owners without a qualifying homestead could be left out of this property tax credit.
More detail
The resolution would authorize Representative Schulz to introduce a bill describing a $675 homestead property tax credit. The described credit applies to real property taxes assessed on a property owner's homestead. The resolution would authorize introduction of the bill; it would not itself provide the credit. The proposed bill says the credit would apply to assessment years beginning on or after January 1, 2026.
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Where it stands
- Introduced
- Adopted
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Apr 29Sine Die adjournmentLatest
- Apr 21Read the third time and adopted.Minor
- Apr 9Read the first time, rules suspended, read the second time and placed on the calendar.Minor
- Apr 8FiledIntroduced
Taxes & Budget