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AL SB128
Bill
Status
2/1/2022
Primary Sponsor
Jack Williams
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AI Summary
SB128 Summary
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Authorizes county tax collecting officials to conduct tax lien auctions for delinquent property taxes online in addition to in-person auctions, with both methods subject to the same procedures and requirements.
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Establishes procedures for online auctions including notice requirements (30 days minimum by mail, website, newspaper, or courthouse posting), bidding based on lowest interest rate (maximum 12%), and payment deadlines (two business days after online auction closes).
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Creates new foreclosure process for tax liens unsold after five years, allowing counties to foreclose on behalf of municipalities, counties, or the state depending on property suitability for public use.
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Requires 180-day notice prior to foreclosure action and limits title search and foreclosure costs reimbursable to counties by the state when property is conveyed to the state.
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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 Senate committee on Banking and Insurance
2/1/2022