HB1263

House Bill 1263 amends Arkansas law regarding the sale and redemption of tax-delinquent property. The bill clarifies procedures for the Commissioner of State Lands, including the scheduling and conduct of auctions and the redemption process for property owners. It explicitly prohibits individuals or entities with a home of record outside the United States from purchasing tax-delinquent property and mandates the cancellation of deeds if such a purchase is discovered. The bill updates requirements for notifying property owners of their right to redeem land before a scheduled sale. It also specifies acceptable forms of payment for redemption and requires the Commissioner of State Lands to submit quarterly reports on sales. Finally, the bill includes an emergency clause to ensure its provisions take effect immediately upon enactment.