Substitute Senate Bill 172 Summary

• Land Reutilization Programs: Expands county land reutilization corporations' powers to acquire and manage tax-delinquent properties, including provisions allowing these corporations to acquire property with fewer restrictions and modified requirements for occupied vs. unoccupied property ratios.

• Tax Foreclosure Procedures: Streamlines foreclosure timelines by allowing foreclosure actions to proceed before delinquent tax lists are published, and creates new procedures for transferring cases between county boards of revision and courts based on property complexity.

• Alternative Redemption Period: Reduces the redemption period for certain tax foreclosures from 45 days to 28 days when the county treasurer invokes the alternative redemption period in abandoned land cases.

• Exemptions for Land Reutilization Corporations: Eliminates recording fees for county land reutilization corporations and their subsidiaries, and exempts their property acquisitions from various municipal charges and liens when transferred to the corporations.

• Abandoned Land Definitions and Procedures: Clarifies definitions of abandoned and unoccupied land, establishes procedures for removing property from abandoned land lists upon owner request, and allows municipalities and corporations to pursue liens on municipal nuisance abatement costs.