Arkansas SR15 authorizes a nonappropriation bill to increase the homestead property tax credit by $75.
Arkansas SR15 authorizes the introduction of a nonappropriation bill to increase the homestead property tax credit. The bill amends Arkansas Code 26-26-1118(a)(1)(A) to raise the credit from $600 to $675, effective for assessment years starting on or after January 1, 2026. This change aims to reduce the amount of real property taxes assessed on the homestead of each property owner.
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