On Mar. 12, ARK LEG approved bill on the process to redeem property.
ARK LEG approved Bill HB 1400 to amend Arkansas codeARK LEG 26-37-302(a) (payment required) and add section new subsection (e) related to disabled veterans.
Amends law re redemption of tax-delinquent parcel, exemption for disabled veterans.
Tax-Delinquent Parcels
To redeem a tax-delinquent parcel with county collector, redeemer/purchaser must pay outstanding delinquent taxes, and 10% simple interest, penalty per delinquent year.
Defined disabled veteran, and noted that disabled veterans not subject to foregoing 10% penalty when redeeming a tax-delinquent parcel owned by disabled veteran.
Penalty exemption applies only if the veteran submits a letter that meets the requirements stated in ARK LEG 26-3-306(b)(1)(A) to Commissioner of State Lands.
Must meet all other requirements to redeem the parcel under ARK LEG 26-37-310.
Legislative History
On Feb. 17, 2025, bill introduced in House; on Mar. 5, 2025, bill was passed in House.
On Mar. 5, 2025, bill delivered to Senate; on Mar. 10, 2025, bill passed in Senate.
On Mar. 12, 2025, bill was approved by governor, and Bill HB 1400 became Act 259.
Effectiveness
Act effective 91 days after legislature adjourned sine die (May 5), so Aug. 4, 2025.
