The bill amends the law regarding the sale and redemption of tax-delinquent property in Arkansas, introducing several key changes to the existing procedures. It specifies that individuals or entities with a home of record outside the United States are prohibited from purchasing tax-delinquent parcels certified to the Commissioner of State Lands. If such a purchase occurs, the deed will be canceled, and any money paid will be forfeited. The bill also modifies the auction process, allowing for online unsold-property auctions and establishing new notification requirements for owners regarding their right to redeem parcels before the sale.

Additionally, the bill clarifies the payment methods for redeeming tax-delinquent parcels, allowing various forms of certified funds, and mandates that the Commissioner of State Lands issue a redemption deed or receipt upon successful redemption. It emphasizes the importance of efficient management of tax-delinquent properties for local communities and school districts, declaring an emergency to ensure the act's immediate effectiveness upon approval. The changes aim to streamline the process and enhance transparency in the sale and redemption of tax-delinquent properties.