House Bill
HB1116:
Creates income tax credit for Arkansans 65 of older who pay property taxes
Sponsor
Bill Primary sponsors
Cavenaugh
Cosponsors
Filed: 1/11/2023 4:37:59 PM
Original Title
To create an income tax credit for taxpayers sixty-five (65) and older in an amount equal to the taxpayer's property tax payment on a homestead.
Summary
What it does
This bill creates an income tax credit for Arkansans older than 65 equal to the amount they paid in real property taxes (minus any past due or penalty amounts). Any excess credit will be refunded to the taxpayer.
Options:
Status
House: REVENUE & TAXATION
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