Arkansas SB263: TO INCREASE THE HOMESTEAD PROPERTY TAX CREDIT

What the bill says

An act to be entitled an act to increase the homestead property tax credit; and for other purposes. subtitle to increase the homestead property tax credit.

From the enrolled text:

An Act To Be Entitled AN ACT TO INCREASE THE HOMESTEAD PROPERTY TAX CREDIT; AND FOR OTHER PURPOSES. Subtitle TO INCREASE THE HOMESTEAD PROPERTY TAX CREDIT. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: SECTION 1. Arkansas Code § 26-26-1118(a)(1)(A), concerning the homestead property tax credit, is amended to read as follows: (a)(1)(A) There is established a homestead property tax credit for each assessment year that reduces the amount of real property taxes assessed on the homestead of each property owner by five hundred dollars ($500) six hundred dollars ($600). SECTION 2. EFFECTIVE DATE. Section 1 of this act is effective for *JLL213* 02-27-2025 13:06:49 JLL213 As Engrossed: S2/27/25 SB263 assessment years beginning on or after January 1, 2025. /s/Crowell APPROVED: 3/18/25 02-27-2025 13:06:49 JLL213

Read the full official text

Sponsors

• Steve Crowell (R, 3) · primary sponsor
• Bart Schulz (R, 28)
• Brandon Achor (R, 71)
• Wade Andrews (R, 98)
• Lincoln Barnett (D, 63)
• Beaty Jr., Howard (R, 95)
• Mary Bentley (R, 54)
• Harlan Breaux (R, 6)
• Keith Brooks (R, 78)
• Alyssa Brown (R, 41)
• Karilyn Brown (R, 67)
• Matt Brown (R, 55)

Latest actions

1. March 18, 2025: Notification that SB263 is now Act 330
2. March 13, 2025: DELIVERED TO GOVERNOR.
3. March 13, 2025: Reported correctly enrolled and ordered delivered to the Governor.
4. March 12, 2025: ORDERED ENROLLED
5. March 12, 2025: Returned from the House as passed.
6. March 12, 2025: Returned to the Senate as passed.
7. March 12, 2025: Read the third time and passed and ordered transmitted to the Senate.
8. March 11, 2025: Returned by the Committee Do Pass
9. March 3, 2025: Read the first time, rules suspended, read the second time and referred to the Committee on REVENUE & TAXATION- HOUSE
10. March 3, 2025: RECEIVED FROM THE SENATE

Votes

• House Roll Call #628 (March 18, 2025): 77 yea, 13 nay, passed
• Senate Roll Call #524 (March 13, 2025): 35 yea, 0 nay, passed
• House Roll Call #535 (March 12, 2025): 99 yea, 0 nay, passed
• Senate Roll Call #380 (March 3, 2025): 33 yea, 0 nay, passed

Common questions

What is SB263?

SB263 is a bill in the Arkansas Legislature (95th General Assembly (2025 Regular)): TO INCREASE THE HOMESTEAD PROPERTY TAX CREDIT.

What does SB263 do?

In its own words: An act to be entitled an act to increase the homestead property tax credit; and for other purposes. subtitle to increase the homestead property tax credit.

What is the status of SB263?

Chaptered as of March 18, 2025. Latest action: Notification that SB263 is now Act 330 (March 18, 2025).

Who sponsored SB263?

Steve Crowell (R, 3), with 11 co-sponsors.

Where is the official record for SB263?

On the Arkansas Legislature website: https://www.arkleg.state.ar.us/Bills/Detail?ddBienniumSession=2025%2F2025R&measureno=SB263