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HB 1074

RELATING TO THE USE OF PUBLIC LANDS.

2025 Regular Session Introduced by Nadine Nakamura

HB 1074 safeguards Arkansas' Property Tax Relief Trust Fund for tax relief only, requiring a 3/4 majority for any fund diversion, protecting taxpayer interests.

Carried over to 2026 Regular Session.
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Bill Summary · HB 1074

Summary of House Bill 1074 (HB 1074)

Overview

House Bill 1074 (HB 1074) is a legislative proposal introduced in the Arkansas General Assembly on January 3, 2025. The bill aims to amend the existing laws governing the Property Tax Relief Trust Fund, specifically by establishing stricter regulations on how the funds can be utilized.

Purpose and Intent

The primary intent of HB 1074 is to ensure that the revenues from the Property Tax Relief Trust Fund are used exclusively for property tax relief. The bill seeks to prevent the diversion of these funds for other purposes unless a significant legislative consensus is achieved.

Key Provisions

  • Amendment to Fund Usage: The bill amends Arkansas Code § 19-5-1103(b) to stipulate that the Property Tax Relief Trust Fund shall be used solely for property tax relief unless otherwise authorized by the General Assembly.

  • Higher Vote Threshold: A critical provision of the bill requires a three-fourths (3/4) majority vote from both houses of the General Assembly to approve any use of the fund for purposes other than property tax relief. This is a significant increase from the previous voting requirements.

  • Certification and Distribution: The bill also modifies Arkansas Code § 26-26-310 to clarify that distributions from the Property Tax Relief Trust Fund must primarily serve the purpose of providing property tax relief.

Impact

  • Affected Parties: The bill primarily impacts taxpayers in Arkansas who benefit from property tax relief programs funded by the Property Tax Relief Trust Fund. It ensures that these funds are safeguarded for their intended purpose.

  • Fiscal Impact: According to the Fiscal Impact Statement, the bill is not expected to have any fiscal impact on the state budget or taxpayer liabilities.

Legislative Process and Timeline

  • Introduced: January 3, 2025
  • Committee Actions: The bill was reported from the Education Committee (EDN) on February 3, 2025, with amendments and a recommendation for passage.
  • Passage: HB 1074 passed the House and Senate on February 13, 2025, and was correctly enrolled for transmission to the Governor's Office.
  • Current Status: As of February 18, 2025, HB 1074 has been enacted as Act 121.

Conclusion

HB 1074 represents a significant legislative effort to protect property tax relief funds in Arkansas by imposing stricter regulations on their use. By requiring a higher vote threshold for any diversion of these funds, the bill aims to ensure that property tax relief remains a priority for the state.

Compiled from official sources — confirm details with the bill’s official record.

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