Loading chat...
IN SB0355
Bill
AI Summary
SB 355 Summary
-
Amends Indiana tax sale procedures to allow county auditors and executives to omit property descriptions from published notices if descriptions are made available online and in alternative formats upon request.
-
Establishes new procedures for selling vacant and abandoned properties, requiring county executives to certify such properties to county auditors within 51 days of the first tax payment due date each year.
-
Creates requirements for county recorders regarding tax sale surplus fund disclosures, requiring proof of redemption payment and county auditor endorsement before recording property conveyances related to tax sales (effective July 1, 2016).
-
Allows nonprofit entities and qualified individuals to receive tax-sale properties through separate assignment and transfer processes, with properties reverting to county if grantees fail to comply with terms and conditions.
-
Impands the attorney general's enforcement authority over agreements involving tax sale surplus funds, allowing injunctions, restitution orders, cost reimbursement, and civil penalties for violations.
Legislative Description
Tax sales and tax sale properties. Provides that certain notices of tax sales may omit the descriptions of the properties to be offered for sale if: (1) the notice includes a statement indicating that descriptions of the properties and minimum bids are available on the Internet web site of the county government or the county government's contractor and in printed form upon request; and (2) the descriptions of the properties are made available on the county's Internet web site and in an electronic format, on a digital storage medium, or in printed form upon request. Provides that if a county
Last Action
Public Law 187
3/24/2016