homestead tax credit

Arkansas House votes to increase homestead tax credit by $50

BY: - March 6, 2023

The Arkansas House of Representatives on Monday unanimously supported increasing the state’s homestead property tax credit from $375 to $425 a year. The credit reduces a homeowner’s property tax liability on their primary residence. The sponsor of the legislation, Rep. Lanny Fite (R-Benton), said that increasing sales tax collections means the state can afford to […]

Arkansas lawmakers to consider increasing homestead tax credit

BY: - January 30, 2023

The Arkansas Legislature is poised to increase the state’s homestead tax credit; the question: How much? House Bill 1032 by Rep. Lanny Fite (R-Benton) would increase the Homestead Property Tax Credit from $375 a year to $425 in 2024. Fite explained his bill last week to the House Revenue and Tax Committee, but he plans […]