The bill amends the law regarding the collection of real and personal property taxes in Arkansas, specifically allowing title insurance agents, insurers, or companies to pay real property taxes when issuing a title. It modifies existing provisions to clarify that a county collector may accept payment of general real estate taxes without requiring the payment of personal property taxes under certain conditions. Notably, the bill introduces new language that specifies exceptions to the previous requirement for personal property tax payment and outlines the responsibilities of county collectors in responding to requests for tax statements related to real estate transactions.

Additionally, the bill mandates that if a county collector does not respond to a request for a statement of taxes owed within three business days, they must accept the payment of real estate taxes without requiring the payment of any related personal property taxes. This change aims to streamline the process for property transfers and ensure timely responses from county collectors, thereby facilitating smoother real estate transactions.

Statutes affected:
Old version HB1274 V2 - 3-10-2025 11:14 AM: 26-35-601(b), 26-35-601(c)
Old version HB1274 Original - 1-27-2025 04:16 PM: 26-35-601(c)
HB 1274: 26-35-601(c)
Act 521: 26-35-601(b), 26-35-601(c)