Arkansas House Bill HB1330

Arkansas 2023 Regular Session

• Introduced: 1/31/23
• Refer: 1/31/23
• Failed: 5/1/23

Caption

To Amend The Law Concerning Tax-delinquent Property; And To Provide Restrictions On The Forfeiture Of Tax-delinquent Homesteads And Real Property Used For Farming.

Impact

The introduction of HB 1330 is expected to significantly change the dynamics surrounding tax-delinquent properties in Arkansas. By preventing the immediate forfeiture of these properties for individuals over 65, it directly alters the process of tax collection for counties. The bill stipulates that for properties belonging to seniors, the tax delinquency must reach at least 50% of the property's appraised value before any potential forfeiture can be processed. This represents a more compassionate approach to taxation that considers the financial challenges faced by older property owners.

Summary

House Bill 1330 is aimed at amending Arkansas law regarding the handling of tax-delinquent properties. The bill proposes restrictions on the forfeiture of homesteads and real property used primarily for farming, particularly for property owners aged 65 and older. By revising current regulations, the bill seeks to provide additional protections for these vulnerable property owners, ensuring that their homes and farming properties are not easily forfeited due to unpaid taxes. The intent is to help seniors maintain their residences and support agricultural activities critical to local economies.

Sentiment

Overall, the sentiment surrounding HB 1330 appears to be supportive among legislators and advocacy groups concerned with senior issues and agricultural welfare. There is an acknowledgment of the rights and protections needed for at-risk property owners, which has garnered bipartisan backing. However, there may be some concerns from local governments about the implications for tax revenue and whether extended protections could complicate the collection processes.

Contention

While the bill presents a noble effort to protect seniors and farmers, it could also lead to contention regarding its financial implications for local governments. Opponents may argue that by restricting the ability to forfeit tax-delinquent properties, it could place a burden on local tax revenues, creating tension between fiscal responsibility and social support. The balance between protecting vulnerable populations and ensuring that local governments can effectively manage tax delinquency will be a key point of discussion as the bill progresses.