IN HB1535

Removes requirement for property owners redeeming tax sale property to pay the full amount by which the purchase price exceeded the minimum bid, requiring instead only 10% annual interest on that excess amount

Transfers authority to initiate civil penalty actions against purchasers who fail to pay their tax sale bids from county prosecuting attorneys to county treasurers, with suits filed in the county's name rather than the state treasurer's name

Increases potential liability for purchasers who fail to pay tax sale bids to include treble damages, costs, and reasonable attorney's fees in addition to the existing 25% civil penalty

Establishes that persons redeeming property where a certificate of sale was sold must pay the same redemption amounts as when no certificate of sale is involved (110% of minimum bid if redeemed within 6 months, 115% if redeemed after 6 months)

Allows disposing agents selling county-owned property acquired through tax sales to determine minimum bids based on two appraisals and their own knowledge of the property