Component tags do not register on actors

Component tags do not register when checked within blueprints.

1. Open Editor (any project)
2. Add a static mesh to level viewport
3. In static mesh details pane, find Tags>Component Tag>+ (add element)>Rename element to any tag name ("Test" was used for reproduction)
4. Create new blueprint actor
5. In construction script, create the attached image
6. Compile
7. Place a copy of the blueprint into the level, move the actor so that the trace hits the static mesh actor.

Results:

Trace fires, does not recognize the tag.

Expected:

Trace fires, the branch returns true as it recognizes the tag within the hit actor.

OnComponentHit Event no detecting Actor Has Tag

Component tags Not working