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IN HB1193

Bill

Official Source

Status

Introduced

1/7/2016

Primary Sponsor

Doug Gutwein

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Amends IC 6-1.1-25-9 to establish a new priority for distributing proceeds from county sales of tax deed properties
  • Requires sale proceeds to be applied in order: first to sale costs (maintenance, preservation, administration, advertising, appraisal), second to unrecovered costs of other properties in the same taxing district, third to taxes removed from the tax duplicate, and fourth to special assessments removed from the tax duplicate
  • Any remaining surplus after these four applications goes into the county general fund
  • Effective July 1, 2016

Legislative Description

Sale of certain property by a county. Provides that if a county executive acquires a tax deed for a property and later sells the property, the proceeds of any sale of the property must be applied to any special assessments that were removed from the tax duplicate at the time the tax deed was issued, if any part of proceeds of the sale remains after applying the proceeds to the costs of the sale and the taxes that were removed from the tax duplicate at the time the tax deed was issued.

Last Action

First reading: referred to Committee on Ways and Means

1/7/2016

Committee Referrals

Ways and Means1/7/2016

Full Bill Text

No bill text available