Bill
SJR 16
SJR 16 aims to amend Arkansas' Constitution, exempting certain properties and individuals from property taxes, providing financial relief to targeted demographics.
Bill Number: SJR 16
Title: An Amendment to the Arkansas Constitution to Exempt Certain Real Property from Property Tax; and to Create Property Tax Exemptions for Certain Individuals
Status: Sine Die adjournment
Introduced: February 12, 2025
Classification: Joint Resolution
SJR 16 proposes an amendment to the Arkansas Constitution aimed at providing property tax exemptions for specific types of real property and certain individuals. The intent is to alleviate the financial burden of property taxes on qualifying properties and individuals, thereby promoting economic relief and support for targeted demographics.
The joint resolution outlines the following key provisions:
Exemption of Real Property: The amendment seeks to exempt certain categories of real property from property taxes. While the specific categories are not detailed in the provided text, such exemptions typically include properties used for charitable, educational, or religious purposes.
Exemptions for Individuals: The resolution proposes to create property tax exemptions for specific individuals. This could potentially include seniors, veterans, or low-income families, although the exact criteria for eligibility are not specified in the text.
Constitutional Amendment Process: If approved by a majority of voters in the next general election for Representatives and Senators, the proposed amendment would become part of the Arkansas Constitution.
The bill is expected to impact:
Property Owners: Individuals and organizations owning properties that fall under the specified exemptions would benefit from reduced or eliminated property tax liabilities.
Tax Revenue: Local governments may experience a decrease in property tax revenue, which could affect funding for public services and infrastructure.
Specific Demographics: Individuals who meet the criteria for exemptions, such as seniors or low-income families, would receive financial relief from property taxes.
February 12, 2025: SJR 16 was filed and read for the first time. The rules were suspended, and it was read a second time before being referred to the Senate Committee on State Agencies & Governmental Affairs.
March 3, 2025: The bill was withdrawn from committee and placed on the legislative calendar for further consideration. It was recommended for study in the Interim Committee on State Agencies & Governmental Affairs.
May 5, 2025: The legislative session adjourned sine die, meaning that no further action would be taken on the bill during that session.
SJR 16 represents an effort to amend the Arkansas Constitution to provide property tax relief for certain real properties and individuals. The proposal, if passed by voters, could significantly impact property tax structures and financial obligations for qualifying entities and individuals in Arkansas. The resolution's future will depend on voter approval in the upcoming general election.
Compiled from official sources — confirm details with the bill’s official record.
Sign in to ask a question.
