An act TO AMEND THE HOMESTEAD EXEMPTION ACT, the official text

Stricken language would be deleted from and underlined language would be added to present law.

1 State of Arkansas                      A Bill
2 95th General Assembly

3 Regular Session, 2025                                            HOUSE BILL 1729

4

5 By: Representative R. Burkes

6 By: Senator J. Bryant

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8                               For An Act To Be Entitled

9           AN ACT TO AMEND THE HOMESTEAD EXEMPTION ACT; TO

10          PROVIDE THAT A HOMESTEAD OWNED BY A LIMITED LIABILITY

11          COMPANY IS ELIGIBLE FOR THE HOMESTEAD EXEMPTION IN

12          CERTAIN CIRCUMSTANCES; AND FOR OTHER PURPOSES.

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14

15                                       Subtitle

16                       TO AMEND THE HOMESTEAD EXEMPTION ACT;

17                       AND TO PROVIDE THAT A HOMESTEAD OWNED BY

18                       A LIMITED LIABILITY COMPANY IS ELIGIBLE

19                       FOR THE HOMESTEAD EXEMPTION IN CERTAIN

20                       CIRCUMSTANCES.

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22 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:

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24  SECTION 1. Arkansas Code � 16-66-210, concerning the Homestead

25 Exemption Act, is amended to add an additional subsection to read as follows:

26  (e) The homestead exemption provided in this section may be claimed by

27 a member of a limited liability company that owns the homestead if:

28          (1) There are two (2) members of the limited liability company,

29 and the members are a married couple; or

30          (2) There is only one (1) member of the limited liability

31 company, and that member is a natural person who is married or the head of a

32 family.

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    *JLL281*                                                     03/07/2025 3:09:43 PM JLL281