HB5750 Summary

• Extends the deadline for redeeming property forfeited for unpaid delinquent taxes until the later of May 29, 2020 or 30 days after termination of the COVID-19 state of emergency.

• Allows foreclosing governmental units to temporarily suspend strict compliance with tax redemption deadlines and permits courts to amend existing foreclosure orders consistent with the extended deadline.

• Modifies section 78g to reference a new section 78t addressing relief measures in response to Executive Order No. 2020-14 (COVID-19 state of emergency).

• Clarifies that property subject to an active tax foreclosure avoidance agreement is not eligible for redemption during the agreement period, except as specified in the amended statute.