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IN SB0297
Bill
Status
1/9/2017
Primary Sponsor
Jean Leising
Click for details
AI Summary
Senate Bill 297 Summary
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Shortens the ordinary redemption period for real property sold at tax sales from one year to six months for sales occurring after June 30, 2017.
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Maintains the one-year redemption period for tax sales that occurred before July 1, 2017.
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Preserves the 120-day redemption period for properties sold to qualified purchasing agencies under IC 36-7-17 or IC 36-7-17.1.
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Reduces the notice requirement timeline from six months to 90 days after the date of sale for purchasers seeking tax deeds when the sale date is after June 30, 2017.
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Effective July 1, 2017; applies to Indiana Code IC 6-1.1-25 regarding tax sale redemption procedures.
Legislative Description
Tax sale redemption period. Provides that the ordinary redemption period for real property sold at a tax sale is shortened from one year to six months.
Last Action
First reading: referred to Committee on Local Government
1/9/2017