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

This Senate Resolution authorizes a Representative to introduce a bill that would increase the homestead property tax credit for Arkansas homeowners. The proposed change would raise the annual tax reduction from $600 to $675 for properties designated as a primary residence. This adjustment applies to assessment years starting on or after January 1, 2026, directly affecting property owners who currently claim this credit. The resolution itself is a procedural step enabling the introduction of the specific tax amendment rather than enacting the financial change immediately.