SB263
To Increase The Homestead Property Tax Credit.
Passed
Last Action (March 18, 2025): Notification that SB263 is now Act 330
Sponsors
Blake Johnson
Scott Richardson
Jane English
Mark Perry
Jonathan Dismang
Greg Leding
Missy Irvin
Frederick Love
Terry Rice
Reginald Murdock
Gary Stubblefield
Bruce Cozart
David Whitaker
Mike Holcomb
Stephen Magie
John Payton
Alan Clark
Ronald Caldwell
Bart Hester
Robin Lundstrum
Dan Sullivan
Dwight Tosh
David Wallace
Mary Bentley
Harlan Breaux
Cameron Cooper
Nicole Clowney
Cindy Crawford
Denise Garner
Tippi McCullough
Jay Richardson
Jim Wooten
Breanne Davis
Denise Ennett
Joy Springer
Ben Gilmore
Howard Beaty
Tony Furman
Kendon Underwood
David Ray
Rick McClure
Joshua Bryant
Keith Brooks
Ashley Hudson
Jon Milligan
RJ Hawk
Wade Andrews
Rebecca Burkes
Hope Duke
Mindy McAlindon
Steve Crowell
Matt Duffield
Stetson Painter
Steve Unger
Wayne Long
Brandon Achor
Jeremiah Moore
Joey Carr
Jamie Scott
Kim Hammer
Stephanie Flowers
Justin Boyd
Les Eaves
Justin Gonzales
Ken Ferguson
Ron Mcnair
Marcus Richmond
Clarke Tucker
Deann Vaught
Scott Flippo
Karilyn Brown
Sonia Eubanks Barker
Frances Cavenaugh
Jimmie Gazaway
John Maddox
Johnny Rye
Les Warren
Carlton Wing
Matt Brown
Shad Pearce
Chad Puryear
Ryan Rose
Bart Schulz
Trey Steimel
Jeremy Wooldridge
Kendra Moore
Tyler Dees
Matt Stone
Steven Walker
Lincoln Barnett
Alyssa Brown
Nick Burkes
Paul Childress
James Eaton
Brad Hall
Dolly Henley
Jessie McGruder
Randy Torres
Diana Gonzales Worthen
Austin Mccollum
Carol Dalby
Steve Hollowell
Clint Penzo
Brian Evans
Mark Johnson
Ricky Hill
Jim Petty
AI-Generated Summary
Senate Bill 263 proposes an amendment to Arkansas Code § 26-26-1118(a)(1)(A) to increase the state's homestead property tax credit. Currently, the credit reduces the real property taxes assessed on a primary residence by $500. This bill would raise that credit amount to $600 per assessment year. The change is intended to provide additional tax relief to homeowners in the state. The act is set to take effect for assessment years beginning on or after January 1, 2025.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiaries of this bill are homeowners in Arkansas who claim a homestead property tax credit on their primary residence, as they will receive an additional $100 in tax relief annually.
Who Might Suffer?
The primary entities negatively impacted are state and local government treasuries that rely on property tax revenue. Because the credit reduces the total tax bill collected, local taxing units, such as school districts, counties, and municipalities that depend on these tax collections, may experience a decrease in anticipated revenue, potentially requiring them to adjust their budgets or seek alternative funding sources.
Vote Records
Third Reading
March 12, 2025
Yea: 99
Nay: 0
NV: 1
Absent: 0
Passed
View individual votes (100)
| Legislator | Party | Chamber | Vote |
|---|---|---|---|
| Tracy Steele | Democrat | House | Yea |
| Fred Allen | Democrat | House | Yea |
| Lane Jean | Republican | House | Yea |
| Stephen Meeks | Republican | House | Yea |
| Mark Perry | Democrat | House | Yea |
| Jon Eubanks | Republican | House | Yea |
| Matthew Shepherd | Republican | House | Yea |
| Jeff Wardlaw | Republican | House | NV |
| Bruce Cozart | Republican | House | Yea |
| David Whitaker | Democrat | House | Yea |
| Mike Holcomb | Republican | House | Yea |
| Stephen Magie | Democrat | House | Yea |
| Mark McElroy | Republican | House | Yea |
| Richard Womack | Republican | House | Yea |
| Jack Ladyman | Republican | House | Yea |
| Robin Lundstrum | Republican | House | Yea |
| Dwight Tosh | Republican | House | Yea |
| Rick Beck | Republican | House | Yea |
| Mary Bentley | Republican | House | Yea |
| Les Eaves | Republican | House | Yea |
| Justin Gonzales | Republican | House | Yea |
| Julie Mayberry | Republican | House | Yea |
| Ken Ferguson | Democrat | House | Yea |
| Ron Mcnair | Republican | House | Yea |
| Marcus Richmond | Republican | House | Yea |
| Deann Vaught | Republican | House | Yea |
| Karilyn Brown | Republican | House | Yea |
| Sonia Eubanks Barker | Republican | House | Yea |
| Frances Cavenaugh | Republican | House | Yea |
| Jimmie Gazaway | Republican | House | Yea |
| Roger Lynch | Republican | House | Yea |
| John Maddox | Republican | House | Yea |
| Aaron Pilkington | Republican | House | Yea |
| Johnny Rye | Republican | House | Yea |
| Les Warren | Republican | House | Yea |
| Carlton Wing | Republican | House | Yea |
| Austin Mccollum | Republican | House | Yea |
| Carol Dalby | Republican | House | Yea |
| Steve Hollowell | Republican | House | Yea |
| Brian Evans | Republican | House | Yea |
| Lee Johnson | Republican | House | Yea |
| Andrew Collins | Democrat | House | Yea |
| Stan Berry | Republican | House | Yea |
| Harlan Breaux | Republican | House | Yea |
| Cameron Cooper | Republican | House | Yea |
| Nicole Clowney | Democrat | House | Yea |
| Cindy Crawford | Republican | House | Yea |
| Denise Garner | Democrat | House | Yea |
| Tippi McCullough | Democrat | House | Yea |
| Jay Richardson | Democrat | House | Yea |
| Jim Wooten | Republican | House | Yea |
| Denise Ennett | Democrat | House | Yea |
| Richard McGrew | Republican | House | Yea |
| Joy Springer | Democrat | House | Yea |
| Howard Beaty | Republican | House | Yea |
| Tony Furman | Republican | House | Yea |
| Kendon Underwood | Republican | House | Yea |
| David Ray | Republican | House | Yea |
| John Carr | Republican | House | Yea |
| Rick McClure | Republican | House | Yea |
| Keith Brooks | Republican | House | Yea |
| Ashley Hudson | Democrat | House | Yea |
| Jon Milligan | Republican | House | Yea |
| RJ Hawk | Republican | House | Yea |
| Wade Andrews | Republican | House | Yea |
| Rebecca Burkes | Republican | House | Yea |
| Hope Duke | Republican | House | Yea |
| Zack Gramlich | Republican | House | Yea |
| Mindy McAlindon | Republican | House | Yea |
| Matt Duffield | Republican | House | Yea |
| Stetson Painter | Republican | House | Yea |
| Steve Unger | Republican | House | Yea |
| Wayne Long | Republican | House | Yea |
| Scott Richardson | Republican | House | Yea |
| Brandon Achor | Republican | House | Yea |
| Jeremiah Moore | Republican | House | Yea |
| Joey Carr | Republican | House | Yea |
| Matt Brown | Republican | House | Yea |
| Shad Pearce | Republican | House | Yea |
| Chad Puryear | Republican | House | Yea |
| Ryan Rose | Republican | House | Yea |
| Bart Schulz | Republican | House | Yea |
| Trey Steimel | Republican | House | Yea |
| Tara Shephard | Democrat | House | Yea |
| Jeremy Wooldridge | Republican | House | Yea |
| Kendra Moore | Republican | House | Yea |
| Brit McKenzie | Republican | House | Yea |
| Steven Walker | Republican | House | Yea |
| Glenn Barnes | Democrat | House | Yea |
| Lincoln Barnett | Democrat | House | Yea |
| Alyssa Brown | Republican | House | Yea |
| Nick Burkes | Republican | House | Yea |
| Paul Childress | Republican | House | Yea |
| James Eaton | Republican | House | Yea |
| Brad Hall | Republican | House | Yea |
| Dolly Henley | Republican | House | Yea |
| Jessie McGruder | Democrat | House | Yea |
| Jason Nazarenko | Republican | House | Yea |
| Randy Torres | Republican | House | Yea |
| Diana Gonzales Worthen | Democrat | House | Yea |
Third Reading
March 3, 2025
Yea: 33
Nay: 0
NV: 1
Absent: 1
Passed
View individual votes (35)
| Legislator | Party | Chamber | Vote |
|---|---|---|---|
| Jane English | Republican | Senate | Yea |
| Jonathan Dismang | Republican | Senate | Yea |
| Greg Leding | Democrat | Senate | Yea |
| Missy Irvin | Republican | Senate | Absent |
| Bryan King | Republican | Senate | Yea |
| Kim Hammer | Republican | Senate | Yea |
| Stephanie Flowers | Democrat | Senate | Yea |
| Frederick Love | Democrat | Senate | Yea |
| Terry Rice | Republican | Senate | Yea |
| Reginald Murdock | Democrat | Senate | Yea |
| Gary Stubblefield | Republican | Senate | Yea |
| Jim Dotson | Republican | Senate | NV |
| John Payton | Republican | Senate | Yea |
| Alan Clark | Republican | Senate | Yea |
| Ronald Caldwell | Republican | Senate | Yea |
| Bart Hester | Republican | Senate | Yea |
| Jimmy Hickey | Republican | Senate | Yea |
| Dan Sullivan | Republican | Senate | Yea |
| David Wallace | Republican | Senate | Yea |
| Blake Johnson | Republican | Senate | Yea |
| Justin Boyd | Republican | Senate | Yea |
| Clarke Tucker | Democrat | Senate | Yea |
| Scott Flippo | Republican | Senate | Yea |
| Clint Penzo | Republican | Senate | Yea |
| Mark Johnson | Republican | Senate | Yea |
| Ricky Hill | Republican | Senate | Yea |
| Jamie Scott | Democrat | Senate | Yea |
| Breanne Davis | Republican | Senate | Yea |
| Ben Gilmore | Republican | Senate | Yea |
| Joshua Bryant | Republican | Senate | Yea |
| Matt McKee | Republican | Senate | Yea |
| Jim Petty | Republican | Senate | Yea |
| Steve Crowell | Republican | Senate | Yea |
| Tyler Dees | Republican | Senate | Yea |
| Matt Stone | Republican | Senate | Yea |
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