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Arkansas Code Title 26. Taxation § 26-37-209. Compensation for improvements

Current as of March 28, 2024 | Updated by Findlaw Staff

(a)(1) A purchaser under this chapter of any land or town lot or city lot or another person claiming under the purchaser shall not be entitled to any compensation for any improvement that the purchaser shall make on the land or town lot or city lot within the time frame established in § 26-37-203, except for:

(A) The cost of repairs necessary to prevent deterioration of any improvements on the land or town lot or city lot; or

(B) The cost necessary to comply with any state, county, or city code requirements.

(2) The compensation allowed under subdivision (a)(1) of this section shall be a charge upon the land.

(b) For an improvement made after the expiration of the time frame established in § 26-37-203, the purchaser under this chapter shall be allowed the full cash value of the improvement, and the allowance shall be a charge upon the land.

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Cite this article: FindLaw.com - Arkansas Code Title 26. Taxation § 26-37-209. Compensation for improvements - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-26-taxation/ar-code-sect-26-37-209/

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