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IN SB0455
Bill
AI Summary
Senate Enrolled Act No. 455 Summary
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Creates optional procedure allowing county treasurers to collect delinquent personal property taxes on mobile homes through public auction to the highest bidder, effective January 1, 2018.
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Expands the definition of "inventory" to include unoccupied mobile homes or manufactured homes located in mobile home communities that are owned and held for sale or lease by the community owner, regardless of whether they are new or previously owned.
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Establishes detailed auction process including tentative auction list preparation (after May 10, before August 1), 60-day demand notice to taxpayers, court judgment proceedings, and 21-day notice to property owners before auction sale.
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Restricts bidding eligibility by prohibiting persons with delinquent taxes on mobile homes, unsafe building citations, or unpaid judgments from purchasing mobile homes at tax sales, with forfeiture penalties of 25% of bid for ineligible purchasers.
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Increases reporting requirements for mobile home community operators to include owner name as shown on title, vehicle identification number, and title copies (after December 31, 2019) and modifies document storage fees and court fees effective July 1, 2017.
Legislative Description
Tax administration of mobile homes. Establishes an optional procedure by which a county treasurer may sell a mobile home assessed as personal property at auction to the highest bidder in order to satisfy the amount owed by the owner for delinquent personal property taxes, penalties, and collection expenses attributable to the mobile home. Modifies the definition of "inventory" under the property tax code to also include certain mobile homes or manufactured homes that are held for lease by the owner of a mobile home community. Modifies the definition of the "owner" of tangible property in the property tax code to
Last Action
Public Law 235
4/28/2017