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AR HB1274

Bill

Status

Passed

4/10/2025

Primary Sponsor

Les Warren

Click for details

Origin

House of Representatives

95th General Assembly (2025 Regular)

AI Summary

  • Title insurance agents, insurers, and title companies are authorized to pay real property taxes when facilitating real estate transactions and issuing titles

  • County collectors must accept real estate tax payments during property transfers if the seller has paid all delinquent personal property taxes

  • County collectors who receive written or electronic requests from closing facilitators must respond within 3 business days with a statement of all real estate taxes owed and any related delinquent personal property taxes

  • If a county collector fails to respond within the 3-day deadline, they must accept real estate tax payments without requiring payment of related personal property taxes

  • County collectors who knowingly accept real estate tax payments without collecting due personal property taxes face fines of $25 to $100, except under the new exemptions created by this act

Legislative Description

To Allow A Title Insurance Agent, Title Insurer, Or Title Company To Pay Real Property Taxes In Conjunction With The Issuance Of A Title.

Last Action

Notification that HB1274 is now Act 521

4/10/2025

Committee Referrals

Revenue & Taxation3/13/2025
City, County and Local Affairs1/27/2025

Full Bill Text

No bill text available