When a county sells a property's tax deed to collect unpaid taxes, any money left over after paying taxes, penalties, interest, and costs must now go back to the person who previously owned the property instead of staying with the county. If the prior owner cannot be located within one year, that remaining money goes into the county's general fund. This change gives former property owners a financial stake in tax deed sales rather than losing all potential proceeds.
This bill does not directly amend codified state law.
Taxation Tabled Passed, YEAS 12, NAYS 0.
Taxation Scheduled for hearing
First read in House and referred to House Taxation H.J. 160
Kirk Chaffee
Prime sponsor · Rep.
R
Taxation — Tabled