StrickenARKANSAS languageSENATE would94th beGeneral deletedAssembly from- andRegular underlinedSession, language2023 wouldAmendment beForm added______________________________________________________________________ toSubtitle presentof law.House Bill No.

Act1143 395TO ofDEFINE the"HOMESTEAD" RegularFOR SessionPURPOSES StateOF ofTHE ArkansasPROPERTY AsTAX Engrossed:EXEMPTION FOR DISABLED VETERANS, SURVIVING SPOUSES OF DISABLED VETERANS, AND MINOR DEPENDENT CHILDREN OF DISABLED VETERANS.

H1/25/23______________________________________________________________________ S2/21/23Amendment S2/28/23No. 94th General Assembly A Bill Regular Session, 2023 HOUSE BILL 1143 5 By:

Representative2 C.to House Bill 1143 Amend House Bill No.

Fite1143 By:as engrossed S2/21/23 (version:

02/21/2023 9:29:26 AM):

Page 2, delete lines 3 through 6, and substitute the following:

"the contiguous property is not being used for a commercial purpose;

and" *.JLL219* By:

Wallace 8the Forfirst Antime, Actrules Tosuspended Beand Entitledread ANthe ACTsecond TOtime AMENDand THE_______________________ PROPERTYJLL/JLL TAX- EXEMPTION02-27-2023 FOR10:21:18 DISABLED_________________________ VETERANS,JLL219 SURVIVINGSecretary SPOUSES OF DISABLED VETERANS, AND MINOR DEPENDENT CHILDREN OF DISABLED VETERANS;

TO DEFINE "HOMESTEAD" FOR PURPOSES OF THE PROPERTY TAX EXEMPTION FOR DISABLED VETERANS, SURVIVING SPOUSES OF DISABLED VETERANS, AND MINOR DEPENDENT CHILDREN OF DISABLED VETERANS;

AND FOR OTHER PURPOSES.

Subtitle TO DEFINE "HOMESTEAD" FOR PURPOSES OF THE PROPERTY TAX EXEMPTION FOR DISABLED VETERANS, SURVIVING SPOUSES OF DISABLED VETERANS, AND MINOR DEPENDENT CHILDREN OF DISABLED VETERANS.

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

SECTION 1.

Arkansas Code § 26-3-306(a)(2), concerning the property tax exemption for disabled veterans, surviving spouses, and minor dependent children, is amended to read as follows:

(2) As used in this section,:

(A) "Homestead" means the:

(i) Dwelling that a disabled veteran, surviving spouse of a disabled veteran, or minor dependent child of a disabled veteran occupies as his or her principal place of residence;

and *JLL067* 02-28-2023 10:31:04 JLL067 As Engrossed:

H1/25/23 S2/21/23 S2/28/23 HB1143 (ii) Up to forty (40) acres of real property contiguous to the dwelling under subdivision (a)(2)(A)(i) of this section if the contiguous property is not being used for a commercial purpose;

and (B) “personal Personal property” means only those items of tangible personal property used for other than a commercial or business purpose.

8 SECTION 2.

EFFECTIVE DATE.

Section 1 of this act is effective for assessment years beginning on or after January 1, 2023.

/s/C.

Fite APPROVED:

3/30/23 2 02-28-2023 10:31:04 JLL067