AL HB177

Amends Section 40-10-28 of the Alabama Code to restrict excess funds from tax sales to only persons or entities who have redeemed the property under Section 40-10-120 or other Alabama redemption laws.

Requires excess funds from tax sales to be held in escrow in the county treasury during a three-year period following the tax sale.

Allows claimants to receive escrowed excess funds if they present proof of proper property redemption to the county commission within three years of the tax sale.

Transfers unclaimed excess funds to the county's general fund after three years if no proper redemption claim is made, but permits recovery by rightful owners within 10 years of the tax sale.

Authorizes the Department of Revenue to promulgate rules allowing county commissions to issue vouchers for excess bid amounts to persons or entities who have paid all other redemption costs, redeemable with the judge of probate.