HB 1148 Summary

• Allows property owners to prevent tax sales on non-industrial real property by paying all delinquent taxes and special assessments before the sale date between June 30, 2011 and July 1, 2012, eliminating the requirement to pay penalties and tax sale costs.

• Waives all penalties incurred before January 1, 2011 on delinquent property taxes for non-industrial real property if full payment of delinquent taxes and special assessments is made before July 1, 2012.

• Requires county auditors to include in tax sale notices and individual property owner notices an explanation of the option to remove non-industrial property from tax sales by paying delinquent amounts during the specified timeframe.

• Effective upon passage with retroactive application to January 1, 2011 for penalty waiver provisions.

• Declares an emergency for the act.