Loading chat...
AL HB106
Bill
Status
1/11/2022
Primary Sponsor
Corley Ellis
Click for details
AI Summary
HB106 Summary
-
Authorizes county tax collecting officials to conduct public auctions for delinquent property tax liens using online methods in addition to in-person auctions.
-
Establishes procedures for online tax lien auctions including notification requirements (30 days prior notice via mail, website, or newspaper), auction timing (March 1 to June 15), and payment deadlines (two business days after online auction closes).
-
Modifies payment terms and fees for tax lien purchases, including a $20 origination cost and $45 administrative fee, with interest rates determined by competitive bidding (0.00%-12% maximum).
-
Creates foreclosure procedures for tax liens unsold for five years, allowing counties to acquire property for public use or convey to the state; requires certified mail notice to property owners and 30-180 day notification period before filing foreclosure action.
-
Becomes effective immediately upon passage and Governor approval.
Legislative Description
Revenue, local tax collecting officials, authorized to conduct on-line public auctions for collection of delinquent property taxes, Sec. 40-10-199.1 added; Secs. 40-10-180 to 40-10-188, inclusive, 40-10-191, 40-10-193, 40-10-194, 40-10-197, 40-10-199 am'd.
Taxation
Last Action
Read for the first time and referred to the House of Representatives committee on County and Municipal Government
1/11/2022