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

This bill authorizes a representative to introduce legislation that would increase the homestead property tax credit for Arkansas homeowners. The proposed change would raise the annual tax credit from $600 to $675, directly reducing property tax bills for eligible property owners. The increase is set to take effect for assessment years beginning on or after January 1, 2026. Currently, the bill has passed the House Rules Committee and was adopted by the House of Representatives.