MS HB226

Eliminates the redemption waiting period for tax sale deeds, requiring chancery clerks to immediately execute deeds of conveyance to purchasers upon payment of the purchase price rather than waiting for the redemption period to expire

Maintains the existing two-year redemption period during which property owners can reclaim land sold for taxes by paying all taxes, costs, 5% damages, and 1.5% monthly interest

Preserves extended redemption rights for minors who inherit land and persons of unsound mind, allowing them two years after reaching adulthood or being restored to sanity to redeem property

Retains the 0.5% monthly interest penalty on unpaid taxes after February 1, with provisions allowing the Governor to extend payment deadlines up to 180 days during unusual circumstances

Effective date of July 1, 2023