TO AUTHORIZE THE INTRODUCTION OF A NONAPPROPRIATION BILL TO INCREASE THE HOMESTEAD PROPERTY TAX CREDIT.

Plain English Breakdown

The official text shows the House adopted this resolution on April 8, 2026, but it has not yet become law as no effective date or Senate action is listed.

Resolution to Authorize a Bill Increasing the Homestead Property Tax Credit

This resolution authorizes Representative Schulz to introduce a bill that would increase the homestead property tax credit from $600 to $675 for eligible homeowners.

What This Bill Does

• Authorizes Representative Schulz to introduce a nonappropriation bill.
• Proposes amending Arkansas Code section 26-26-1118(a)(1)(A) regarding the homestead property tax credit.
• Sets the proposed credit amount at $675 instead of $600 for each assessment year.
• States that if passed, the change would be effective for assessment years beginning on or after January 1, 2026.

Who It Names or Affects

• Property owners in Arkansas who qualify for a homestead property tax credit under state law.

Terms To Know

Homestead Property Tax Credit

A reduction in real property taxes assessed on the home of each qualifying property owner.

Nonappropriation Bill

Legislation that changes laws or rules but does not ask the government to spend new money from its budget.

Limits and Unknowns

• This text is a resolution authorizing a bill, so it only takes effect if the proposed bill passes both houses of the legislature and becomes law.
• The source does not list specific income or age requirements for who qualifies as an eligible property owner.

Official Summary Text

TO AUTHORIZE THE INTRODUCTION OF A NONAPPROPRIATION BILL TO INCREASE THE HOMESTEAD PROPERTY TAX CREDIT.

Current Bill Text

*MBM243* 04/08/2026 9:23:55 AM MBM243
State of Arkansas 1
95th General Assembly 2
Fiscal Session, 2026 HR 1006 3
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By: Representative Schulz 5
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HOUSE RESOLUTION 8
TO AUTHORIZE THE INTRODUCTION OF A NONAPPROPRIATION 9
BILL TO INCREASE THE HOMESTEAD PROPERTY TAX CREDIT. 10
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Subtitle 13
TO AUTHORIZE THE INTRODUCTION OF A 14
NONAPPROPRIATION BILL TO INCREASE THE 15
HOMESTEAD PROPERTY TAX CREDIT. 16
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BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES OF THE NINETY-FIFTH GENERAL 19
ASSEMBLY OF THE STATE OF ARKANSAS: 20
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THAT Representative Schulz is authorized to introduce a bill which as 22
introduced will read substantially as follows: 23
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"Title 25
AN ACT TO INCREASE THE HOMESTEAD PROPERTY TAX CREDIT; AND FOR OTHER PURPOSES. 26
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Subtitle 28
TO INCREASE THE HOMESTEAD PROPERTY TAX CREDIT. 29
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BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 31
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SECTION 1. Arkansas Code § 26-26-1118(a)(1)(A), concerning the 33
homestead property tax credit, is amended to read as follows: 34
(a)(1)(A) There is established a homestead property tax credit for 35
each assessment year that reduces the amount of real property taxes assessed 36
HR1006

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on the homestead of each property owner by six hundred dollars ($600) six 1
hundred seventy-five dollars ($675). 2
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SECTION 2. EFFECTIVE DATE. Section 1 of this act is effective for 4
assessment years beginning on or after January 1, 2026." 5
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