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IN SB0523
Bill
Status
1/29/2019
Primary Sponsor
Eddie Melton
Click for details
AI Summary
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County fiscal bodies may adopt an ordinance before November 1, 2019, to establish a property tax amnesty program that waives all interest and penalties accrued before January 1, 2019, on delinquent real property taxes and special assessments.
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Taxpayers qualify for the waiver if all delinquent taxes were first due before January 1, 2019, and they pay the full delinquent amount plus any taxes due after December 31, 2018, by May 1, 2020.
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The waiver applies regardless of any existing payment arrangement between the county treasurer and the taxpayer.
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Properties previously purchased or sold in a tax sale are excluded from the amnesty program.
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Tax sale notices must include a statement indicating whether the county has adopted the amnesty ordinance and explain the circumstances under which interest and penalties will be waived.
Legislative Description
Waiver of interest and penalties. Provides that the fiscal body of a county may adopt an ordinance to establish a property tax amnesty program and require a waiver of interest and penalties added before January 1, 2019, on delinquent taxes and special assessments on real property in the county if: (1) all of the delinquent taxes and special assessments on the real property were first due and payable before January 1, 2019; and (2) before May 1, 2020, the taxpayer has paid all of these delinquent taxes and special assessments and has also paid all of the taxes and special assessments that are first due and payable after December 31, 2018. Requires the waiver of interest and penalties in these circumstances, notwithstanding any payment arrangement entered into by the county treasurer and the taxpayer. Provides that the waiver of interest and penalties under a program shall not apply to interest and penalties added to delinquent property tax installments or special assessments on real property that was purchased or sold in any prior tax sale.
Last Action
First reading: referred to Committee on Ways and Means
2/26/2019