AR HB1641

Requires lessees or purchasers to provide a copy of payment-in-lieu-of-taxes agreements to the county assessor for agreements entered into on or after September 1, 2023, including descriptions of all real and personal property subject to the agreement.

Exempts lessees or purchasers from disclosing information they consider trade secrets, proprietary information, or information that would provide competitive advantage.

Designates the county collector as the billing entity for payments in lieu of ad valorem taxes to the lessee, purchaser, or their designees.

Requires payments received by the county collector to be distributed by the county treasurer to respective taxing entities at the same time and in the same manner as regular ad valorem tax disbursements.

Approved April 10, 2023.