Shown verbatim: the complete text as captured from the official PDF posted by the Arkansas General Assembly, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
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 1985
4
5 By: Representative D. Garner
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8 For An Act To Be Entitled
9 AN ACT TO CREATE THE ARKANSAS RENTER REFUND ACT; TO
10 PROVIDE AN INCOME TAX CREDIT FOR CERTAIN TAXPAYERS
11 WHO ARE RESIDENTIAL TENANTS; AND FOR OTHER PURPOSES.
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14 Subtitle
15 TO CREATE THE ARKANSAS RENTER REFUND
16 ACT; AND TO PROVIDE AN INCOME TAX CREDIT
17 FOR CERTAIN TAXPAYERS WHO ARE
18 RESIDENTIAL TENANTS.
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20 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
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22 SECTION 1. DO NOT CODIFY. Title.
23 This act shall be known and may be cited as the "Arkansas Renter Refund
24 Act".
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26 SECTION 2. Arkansas Code Title 26, Chapter 51, Subchapter 5, is
27 amended to add an additional section to read as follows:
28 26-51-518. Homestead credit for renters.
29 (a) There is allowed an income tax credit against the income tax
30 imposed by this chapter in the amount of five hundred dollars ($500) for a
31 taxpayer who:
32 (1) Rents his or her primary residence as a residential tenant
33 for the entire tax year;
34 (2) Has a net income of less than forty thousand dollars
35 ($40,000) for the tax year; and
36 (3) Is not claimed as a dependent on another taxpayer's income
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HB1985
1 tax return.
2 (b) The amount of the income tax credit under this section that may be
3 claimed by the taxpayer in a tax year shall not exceed the amount of income
4 tax due by the taxpayer.
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6 SECTION 3. EFFECTIVE DATE. Section 2 of this act is effective for tax
7 years beginning on or after January 1, 2025.
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2 04/03/2025 8:23:07 AM JLL390Every fact on this page links to its source, starting with the official bill record.