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Committee delays bill to define disabled veterans' homestead exemption after acreage and rental questions
Summary
Lawmakers discussed House Bill 11-43 to codify a definition of 'homestead' for disabled veterans' property tax exemptions; committee members raised concerns about contiguous acreage, rental uses and commercial exclusions and agreed to pull the bill for drafting revisions, including a proposed 40-acre limit.
Representative Charlene Fyde presented House Bill 11-43, introduced by the Arkansas Collectors Association, saying the measure would define "homestead" for the disabled veterans property tax exemption and make the definition consistent across counties. "This bill clearly defines what a homestead is and what will be tax exempt," she said, and noted she added an amendment to clarify that commercial property would not be exempt.
County collectors and witnesses described inconsistent county practice: "Some…
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