IN SB0058

Prohibits the Indiana Department of State Revenue from initiating foreclosure proceedings on tax liens more than 10 years after the judgment creating the lien is filed

Requires automatic release of tax liens if the department fails to initiate foreclosure within the 10-year period

Eliminates the department's ability to renew tax warrant judgments for additional 10-year periods by filing alias tax warrants

Effective date of July 1, 2010