TO INCREASE THE HOMESTEAD PROPERTY TAX CREDIT.

Senate Bill 263 (now Act 330) increases the amount of the homestead property tax credit available to Arkansas homeowners. This policy change directly benefits qualifying homeowners who own and occupy their primary residence, reducing their annual property tax bill. The bill amends the existing tax credit structure to provide a higher dollar amount for eligible taxpayers. It became law after passing the Arkansas legislature and being delivered to the Governor on March 13, 2025. The change represents a concrete adjustment to tax relief for qualified homeowners without altering eligibility requirements.