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.

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.