Loading chat...
AR HB1400
Bill
Status
3/12/2025
Primary Sponsor
Marcus Richmond
Click for details
AI Summary
-
Disabled veterans are exempted from the 10% annual penalty when redeeming tax-delinquent parcels they own from the Commissioner of State Lands
-
"Disabled veteran" is defined by reference to existing Arkansas Code § 26-3-306(a)(1)(A)(i)
-
To qualify for the exemption, disabled veterans must submit a letter meeting requirements in § 26-3-306(b)(1)(A) to the Commissioner of State Lands
-
Veterans must still pay all delinquent taxes, 10% simple interest per year of delinquency, and costs incurred by the county and Commissioner of State Lands
-
Approved on March 12, 2025 as Act 259 of the Regular Session
Legislative Description
To Amend The Law Concerning The Redemption Of A Tax-delinquent Parcel; And To Exempt Disabled Veterans From Certain Penalties When Redeeming A Tax-delinquent Parcel.
Last Action
Notification that HB1400 is now Act 259
3/12/2025