AR HB1940

Amends Arkansas Code § 26-60-110 regarding the recordation of deeds and real property transfer tax requirements

Clarifies that instruments exempt from the real property transfer tax are not required to include an affidavit or compliance form from the Department of Finance and Administration, or a receipt showing proof of tax paid, if they contain a statement declaring the exemption

Requires exempt instruments to contain the statement "This instrument is exempt from the real property transfer tax" or substantially similar language, acknowledged in the same manner as other required statements

Maintains existing requirements for taxable transfers, including documentary stamps or symbols evidencing payment or an alternative certification statement signed by the grantee

Prohibits county recorders from recording instruments where documentary stamps or symbols are attached in a manner that obscures the amount printed on them