The resolution authorizes Representative Schulz to introduce a nonappropriation bill aimed at increasing the homestead property tax credit in Arkansas. The proposed legislation seeks to amend the existing Arkansas Code regarding the homestead property tax credit, raising the credit amount from $600 to $675 for each assessment year.

Additionally, the resolution specifies that the new credit amount will take effect for assessment years beginning on or after January 1, 2026. This change is intended to provide greater financial relief to property owners by reducing their real property tax burden.

Statutes affected:
HR 1006: 26-26-1118(a)