SR 15

1 State of Arkansas
2 95th General Assembly
3 Fiscal Session, 2026  SR 15
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5 By: Senator Crowell
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8SENATE RESOLUTION
9TO AUTHORIZE THE INTRODUCTION OF A NONAPPROPRIATION
10BILL TO INCREASE THE HOMESTEAD PROPERTY TAX CREDIT.
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13Subtitle
14TO AUTHORIZE THE INTRODUCTION OF A
15NONAPPROPRIATION BILL TO INCREASE THE
16HOMESTEAD PROPERTY TAX CREDIT.
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18 BE IT RESOLVED BY THE SENATE OF THE NINETY-FIFTH GENERAL ASSEMBLY OF THE
19 STATE OF ARKANSAS:
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21THAT Representative Schulz is authorized to introduce a bill which as
22 introduced will read substantially as follows:
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24 "Title
25 AN ACT TO INCREASE THE HOMESTEAD PROPERTY TAX CREDIT; AND FOR OTHER PURPOSES.
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27 Subtitle
28 TO INCREASE THE HOMESTEAD PROPERTY TAX CREDIT.
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30 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
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32SECTION 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 on the homestead of each property owner by six hundred dollars ($600) six
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  SR15
1 hundred seventy-five dollars ($675).
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3      SECTION 2.   EFFECTIVE DATE.   Section 1 of this act is effective for
4 assessment years beginning on or after January 1, 2026."
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