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

Plain English Breakdown

The bill status indicates a sine die adjournment, meaning the legislative session ended without final passage; therefore, the proposed changes are not yet law.

Resolution to Authorize a Bill Increasing the Homestead Property Tax Credit

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

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 claim a homestead property tax credit.
• Representative Schulz, who is authorized to introduce the bill.

Terms To Know

Homestead Property Tax Credit

A reduction in real property taxes for owners of a homestead.

Nonappropriation Bill

A bill that changes laws but does not ask the government to spend new money from its budget.

Assessment Year

The specific year used by officials to calculate property taxes for a home or land.

Limits and Unknowns

• This text is a resolution that authorizes the introduction of a bill; it does not show if the final law was passed.
• The official status shows the Senate adjourned without finishing all steps, so this change may not be in effect yet.

Official Summary Text

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

Current Bill Text

*MBM244* 04/08/2026 2:24:23 PM MBM244
State of Arkansas 1
95th General Assembly 2
Fiscal Session, 2026 SR 15 3
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By: Senator Crowell 5
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SENATE 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 SENATE OF THE NINETY-FIFTH GENERAL ASSEMBLY OF THE 18
STATE OF ARKANSAS: 19
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THAT Representative Schulz is authorized to introduce a bill which as 21
introduced will read substantially as follows: 22
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"Title 24
AN ACT TO INCREASE THE HOMESTEAD PROPERTY TAX CREDIT; AND FOR OTHER PURPOSES. 25
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Subtitle 27
TO INCREASE THE HOMESTEAD PROPERTY TAX CREDIT. 28
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BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 30
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SECTION 1. Arkansas Code § 26-26-1118(a)(1)(A), concerning the 32
homestead property tax credit, is amended to read as follows: 33
(a)(1)(A) There is established a homestead property tax credit for 34
each assessment year that reduces the amount of real property taxes assessed 35
on the homestead of each property owner by six hundred dollars ($600) six 36
SR15

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hundred seventy-five dollars ($675). 1
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SECTION 2. EFFECTIVE DATE. Section 1 of this act is effective for 3
assessment years beginning on or after January 1, 2026." 4
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