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AR HB1768
Bill
Status
4/11/2019
Primary Sponsor
John Payton
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AI Summary
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Amends Arkansas Code § 26-37-310 to streamline the land redemption process for properties forfeited to the state for nonpayment of taxes.
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Requires redemption petitioners to submit an executed petition with verified signature, full payment of outstanding taxes/penalties/interest/fees/costs, and any additional documentation requested by the Commissioner of State Lands.
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Establishes a 30-day price protection period after petition submission during which the total redemption amount cannot be increased, except if the property is sold, records are amended by a county, or actual costs/fees/taxes are added.
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Authorizes the Commissioner of State Lands to establish a fee for producing redemption deeds, capped at actual costs expended plus 3% of those costs.
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Requires the Commissioner to forward redemption deeds to the circuit clerk for filing and directs county collectors to extend unpaid non-state/county taxes on the tax books after deed receipt.
Legislative Description
To Revise The Procedure Of The Commissioner Of State Lands For The Redemption Of Land Certified To The State.
Last Action
Notification that HB1768 is now Act 918
4/11/2019