IN HB1130

Allows county fiscal bodies to adopt an ordinance permitting the county treasurer to accept minimum bids on tax sale properties equal to the lesser of delinquent taxes/penalties/costs or 75% of the property's gross assessed value

Extends statewide the authority (previously only in Lake County) for county auditors to remove property from tax sales when the treasurer and taxpayer agree to a written payment arrangement requiring full payment by June 30 of the following year

Establishes a 5-year waiting period before a taxpayer who defaults on a delinquent tax payment arrangement can enter into another such arrangement for the same property

Permits county fiscal bodies to adopt an ordinance waiving penalties on delinquent property taxes if part of the delinquency was first due before January 1, 2010, and all delinquent taxes are paid between July 1, 2012, and June 30, 2013

Takes effect upon passage, with penalty waiver provisions retroactive to January 1, 2012