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ND HB1136

Bill

Official Source

Status

Introduced

1/11/2021

Primary Sponsor

Dwight Kiefert

Click for details

Origin

House of Representatives

67th Legislative Assembly

AI Summary

  • Amends North Dakota Century Code section 57-28-20 to change how surplus proceeds from tax lien foreclosure sales are distributed
  • When property sells for more than the amount listed in the foreclosure notice, excess proceeds must be credited to the owner of the record title of the real estate instead of the county general fund
  • Changes apply to both direct sales and contract sales of foreclosed properties
  • Tax receipts continue to be issued starting with the earliest delinquent year without penalties or interest
  • Properties selling for less than total taxes owed: treasurer writes receipts for years the proceeds satisfy, and remaining unpaid taxes or special assessments are canceled by the board of county commissioners

Legislative Description

The disposition of proceeds from tax lien foreclosures.

Last Action

Second reading, failed to pass, yeas 3 nays 86

1/29/2021

Committee Referrals

Finance and Taxation1/11/2021

Full Bill Text

No bill text available