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AL HB396
Bill
Status
2/23/2012
Primary Sponsor
Steve McMillan
Click for details
AI Summary
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Amends Section 40-10-16, Code of Alabama 1975, regarding the sale of real estate for nonpayment of taxes.
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Clarifies that tax collectors shall offer each parcel of real estate for sale individually, with only the portion necessary to satisfy the tax decree and expenses being sold.
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Explicitly includes advertising costs as part of the expenses of sale for each parcel.
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Maintains the requirement that no sale shall be made for less than the amount of the decree and all expenses combined.
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Becomes effective on the first day of the third month following passage and gubernatorial approval.
Legislative Description
Real estate, sale for nonpayment of taxes, property to be sold clarified, advertising costs included in expenses of sale, Sec. 40-10-16 am'd.
Property, Real and Personal
Last Action
Indefinitely Postponed
5/9/2012