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IN HB1435
Bill
Status
1/15/2019
Primary Sponsor
Karen Engleman
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AI Summary
- Tax deed holders must pay all property taxes, special assessments, and associated penalties that became due after the certificate of sale date before receiving a tax deed
- Repeals most of the tax sale surplus fund disclosure statute (IC 32-21-8), eliminating requirements for taxpayers to file disclosure forms before transferring property sold at tax sale
- Retains the prohibition on county auditors endorsing conveyance documents for property sold during the redemption period unless the purchaser has redeemed the property
- Clarifies that business entities must provide a certificate of existence or certificate of authority (rather than "good standing") from the secretary of state to register for tax sale bidding
- Effective date: July 1, 2019
Legislative Description
Tax sale redemptions. Provides that a tax deed may not be issued to the holder of a certificate of sale unless: (1) the property taxes and special assessments that first became due and payable after the date of sale; and (2) the penalties on those property taxes and special assessments that are not otherwise removed from the tax duplicate; are paid in full. Repeals most of the tax sale surplus disclosure statute, retaining only the provision prohibiting a county auditor from endorsing a document of conveyance for property sold during the tax sale redemption period unless the purchaser has redeemed the property. Makes technical changes.
Last Action
First reading: referred to Committee on Ways and Means
1/15/2019