Bill > HB1274

This bill amends Arkansas tax collection laws to provide more flexibility for property tax payments during real estate transactions. Specifically, the bill allows county collectors to accept real estate tax payments without simultaneously collecting personal property taxes under certain circumstances. The legislation introduces new provisions that require county collectors to respond within three business days to written or electronic requests for tax statements related to property being transferred. If a county collector fails to respond within this timeframe, they must accept real estate tax payments without requiring payment of related personal property taxes. The bill also clarifies that title insurance agents, title insurers, and title companies can now be involved in facilitating tax payments during property transfers. These changes aim to streamline the property tax collection process and reduce potential barriers during real estate transactions by providing more administrative flexibility and clear guidelines for county tax collectors.

Budget and Finance, Government Affairs

https://arkleg.state.ar.us/Bills/Detail?id=hb1274&ddBienniumSession=2025%2F2025R