Create Act to amend the law concerning the collection of real property taxes and personal property taxes; to allow a title insurance agent, title insurer, or title company to pay real property taxes in conjunction with the issuance of a title.
County collector must respond within three business days to a request for a statement of real estate, personal property taxes owed for real estate under transaction.
If county collector fails to comply with response requirement, must accept payment of real estate taxes without requiring payment of related personal property taxes owed.
Legislative History
On Jan. 27, 2025, bill introduced in House; on Mar. 13, 2025, bill passed in House.
On Mar. 13, 2025, bill introduced in Senate; on Apr. 7, 2025, bill passed in Senate.
On Apr. 10, 2025, bill was approved by the governor, and assigned Act 521.
Effectiveness
Act effective 91 days after legislature adjourned sine die (May 5), so Aug. 4, 2025.
Regulators
ARK LEG
Entity Types
CNSM; Ins
Reference
Act 521, Bill HB1274, 4/10/2025; Citation: ARK LEG 26-35-601;
