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2023 SESSION

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HB 2110 Delinquent tax lands; extends maximum duration of an installment agrmt. between locality/landlord.

Introduced by: Jeffrey M. Bourne | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Delinquent tax lands. Extends the maximum duration of an installment agreement between a locality and a landowner to pay delinquent taxes from 60 to 72 months.

SUMMARY AS INTRODUCED:

Delinquent tax lands. Extends the maximum duration of an installment agreement between a locality and a landowner to pay delinquent taxes from 60 to 72 months. The bill also allows for a property owner, or his heirs, to redeem real estate sold for delinquent taxes for a period of up to 365 days after such judicial sale. The bill provides that such redemption shall be made by paying to the purchaser the amount paid by the purchaser plus the amount of taxes, penalties, interest, and other charges due to a locality and incurred after the judicial sale and plus interest thereon at the rate of six percent per year.