AR HB1766

County collectors may present a certified statement or account to any person holding funds derived from mineral property and owed to a delinquent taxpayer, after December 1 if taxes remain unpaid by October 15.

An additional 10% administrative collection fee is assessed on delinquent mineral interest property taxes after December 1, with one-half of the fee paid to the person making the payment upon collection.

County collectors must provide notice of publication under existing law that includes notice of the penalty and the possibility of collection proceedings if taxes remain unpaid after December 1.

The certified statement or account operates as a levy, must be returned within 90 days with payment, and remains effective until either full payment or one year from presentation, whichever is earlier.

Persons receiving a county collector's receipt are protected from liability to the delinquent taxpayer, and payment satisfies the taxpayer's contractual obligation for the amount expressed on the receipt.

This act is effective for assessment years beginning on or after January 1, 2013.