HR1006 • 2026

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

Taxes

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor: Schulz
Last action: 2026-04-08
Official status: House -- READ AND ADOPTED.
Effective date: Not listed

Plain English Breakdown

The exact number of property owners affected by this change is unknown and not specified in the provided official source material.

Increase in Homestead Property Tax Credit

This resolution allows Representative Schulz to introduce a bill that would increase the homestead property tax credit.

What This Bill Does

Allows Representative Schulz to introduce a new bill.
The new bill would amend Arkansas Code § 26-26-1118(a)(1)(A) to increase the homestead property tax credit amount from $600 to $675 per year.
This change applies for assessment years starting on or after January 1, 2026.

Who It Names or Affects

Property owners who qualify for the homestead property tax credit in Arkansas.

Terms To Know

Homestead Property Tax Credit: A reduction in real property taxes for homeowners living on their property as their primary residence.

Limits and Unknowns

The bill has not yet been introduced or passed, so the increase is not guaranteed.
It does not specify how many people will be affected by this change.

Bill History

No action history is stored for this bill yet.

Official Summary Text

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

Current Bill Text

Read the full stored 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

2 04/08/2026 9:23:55 AM MBM243
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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