HB1103 • 2026

TO INCREASE THE HOMESTEAD PROPERTY TAX CREDIT.

Taxes

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Schulz
Last action: 2026-05-01
Official status: House -- Notification that HB1103 is now Act 174
Effective date: Not listed

Plain English Breakdown

The source text does not define 'homestead' or list eligibility criteria beyond referencing the existing code section for the credit.

HB1103: Increase to the Homestead Property Tax Credit

This law increases the homestead property tax credit amount for eligible homeowners in Arkansas.

What This Bill Does

Increases the homestead property tax credit from $600 to $675 per assessment year.

Who It Names or Affects

Property owners who receive a reduction on real property taxes assessed on their homestead under Arkansas Code § 26-26-1118(a)(1)(A).

Terms To Know

Homestead property tax credit: An amount that reduces the real property taxes assessed on a homestead.
Assessment year: The time period used to calculate property taxes, starting on or after January 1, 2026 for this change.

Limits and Unknowns

The official text does not list income limits or other specific rules needed to qualify for the credit.
The effective date is listed as assessment years beginning on or after January 1, 2026, but no calendar year implementation details are provided.

Bill History

No action history is stored for this bill yet.

Official Summary Text

TO INCREASE THE HOMESTEAD PROPERTY TAX CREDIT.

Current Bill Text

Read the full stored bill text

Stricken language would be deleted from and underlined language would be added to present law.
*JLL423* 04/21/2026 4:20:27 PM JLL423
State of Arkansas 1
95th General Assembly A Bill 2
Fiscal Session, 2026 HOUSE BILL 1103 3
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By: Representatives Schulz, Hawk, J. Moore, Painter, Wooldridge, Pearce, Steimel, Walker, R. Scott 5
Richardson, Achor, Barnett, Beaty Jr., Beck, Bentley, Breaux, Brooks, A. Brown, M. Brown, Joey Carr, 6
Cavenaugh, Childress, Clowney, C. Cooper, Cozart, Dalby, Duffield, Duke, Eaves, Eubanks, Evans, 7
Gazaway, Gonzales, Gonzales Worthen, Gramlich, Henley, Holladay, Hudson, L. Johnson, Ladyman, 8
Long, Lynch, Maddox, Magie, J. Mayberry, McAlindon, McClure, McCullough, McGrew, B. McKenzie, 9
McNair, S. Meeks, K. Moore, Perry, Pilkington, Puryear, Ray, J. Richardson, Richmond, Rose, Rye, M. 10
Shepherd, Springer, Steele, Vaught, Wardlaw, D. Whitaker, Womack, Wooten 11
By: Senators Crowell, J. Boyd, J. Bryant, Caldwell, A. Clark, B. Davis, Dees, J. Dismang, J. English, 12
Flippo, S. Flowers, Gilmore, K. Hammer, Hester, Hickey, Hill, Irvin, B. Johnson, M. Johnson, B. King, 13
G. Leding, F. Love, M. McKee, R. Murdock, J. Payton, C. Penzo, J. Petty, Rice, J. Scott, Simon, Stone, 14
D. Sullivan, C. Tucker, D. Wallace 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: 27
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SECTION 1. Arkansas Code § 26-26-1118(a)(1)(A), concerning the 29
homestead property tax credit, is amended to read as follows: 30
(a)(1)(A) There is established a homestead property tax credit for 31
each assessment year that reduces the amount of real property taxes assessed 32
on the homestead of each property owner by six hundred dollars ($600) six 33
hundred seventy-five dollars ($675). 34
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SECTION 2. EFFECTIVE DATE. Section 1 of this act is effective for 36
HB1103

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