The bill amends the law regarding the redemption of tax-delinquent parcels in Arkansas, specifically addressing the penalties associated with such redemptions. It removes the existing ten percent penalty for each year of delinquency for certain individuals and introduces a new provision that exempts disabled veterans from this penalty when redeeming a tax-delinquent parcel they own. The amendment clarifies that to qualify for this exemption, a disabled veteran must submit a specific letter to the Commissioner of State Lands and meet all other redemption requirements.

Additionally, the bill defines a "disabled veteran" in accordance with existing law, ensuring that the exemption is clearly applicable to those who meet the criteria. This legislative change aims to provide financial relief to disabled veterans facing tax delinquency, thereby supporting their rights and easing their financial burdens.

Statutes affected:
HB 1400: 26-37-302(a), 26-37-302