lanny fite

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 […]

Privatization, more fees among proposals to fix Arkansas’ tire recycling problem

BY: - December 22, 2022

The architect of Arkansas’ waste tire disposal program plans to introduce legislation to dismantle it and privatize the disposal of worn rubber. The state Legislature will be forced to take action on the Tire Accountability Program because it ran out of money to reimburse scrap tire processors in August.  The shortfall triggered an ongoing audit […]