KUAR | By Hunter Field / Arkansas Advocate
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 to wait to ask for a vote on the bill until after Gov. Sarah Huckabee Sanders’ office reviews it.