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AR HB1330
Bill
Status
5/1/2023
Primary Sponsor
Scott Richardson
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AI Summary
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Exempts certain homesteads and farming property from forfeiture to the state when tax-delinquent, provided the delinquent tax equals at least 50% of the appraised property value (less outstanding debt and liens)
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Restricts protection to homesteads of persons age 65 or older and real property used principally for farming owned by Arkansas residents age 65 or older who reside on or adjacent to the property
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Amends the county collector's authority to transmit tax-delinquent property by certification to the state Commissioner of State Lands, adding exceptions for protected homesteads and farming properties
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Updates the required publication notice for delinquent real estate tax lists to reference the new exemptions under Arkansas Code § 26-37-101(d)
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Maintains the existing one-year redemption period before property can be certified to the state for collection or sale
Legislative Description
To Amend The Law Concerning Tax-delinquent Property; And To Provide Restrictions On The Forfeiture Of Tax-delinquent Homesteads And Real Property Used For Farming.
Last Action
Died in House Committee at Sine Die Adjournment
5/1/2023