TO AMEND THE PROPERTY TAX RELIEF TRUST FUND; AND TO REQUIRE A HIGHER VOTE THRESHOLD FOR USING MONEYS IN THE PROPERTY TAX RELIEF TRUST FUND FOR PURPOSES OTHER THAN PROPERTY TAX RELIEF.

HB 1074 modifies Arkansas' Property Tax Relief Trust Fund by requiring a 3/4 vote in both the House and Senate to use fund money for anything other than property tax relief. The bill specifically amends the fund's usage rules to prevent diversion of funds without supermajority legislative approval. This directly affects state legislators who would need to secure a 3/4 vote in each chamber to redirect funds from their intended purpose. The policy change ensures that property tax relief funding remains protected unless explicitly approved by a higher threshold of lawmakers. The bill was enacted as Act 121 on February 18, 2025.