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IN HB1405

Bill

Official Source

Status

Introduced

1/22/2013

Primary Sponsor

Gail Riecken

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Reduces the redemption penalty for tax-sold property redeemed within six months from 110% to 105% of the minimum bid amount for sales occurring after June 30, 2013

  • Reduces the redemption penalty for tax-sold property redeemed more than six months after sale from 115% to 110% of the minimum bid amount for sales occurring after June 30, 2013

  • Maintains the existing 110% and 115% redemption rates for tax sales that occurred before July 1, 2013

  • Effective date of July 1, 2013

Legislative Description

Redemption of real property sold in a tax sale.

Last Action

First reading: referred to Committee on Local Government

1/22/2013

Committee Referrals

Local Government1/22/2013

Full Bill Text

No bill text available