AR SB728

Amends Arkansas Code § 26-60-105 to clarify that real property transfer taxes apply only to the consideration given for lands, tenements, or other realty, not to tangible or intangible personal property.

Maintains the existing tax rates of $1.10 per $1,000 (or fractional part) on deeds where consideration exceeds $100, plus an additional $2.20 per $1,000.

When a single conveyance involves both real property and personal property, taxes shall be calculated based solely on the consideration for the real property portion.

Clarifies that taxes are paid by the purchaser and allocated according to § 15-12-103.