HB22 Alabama 2010 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2010
Title
Property sold for nonpayment of taxes, rate of interest required for redemption reduced, Secs. 40-10-121, 40-10-122 am'd.
Description
<p class="bill_description"> Under existing law, property that is sold
for nonpayment of taxes may be redeemed by payment
of the amount for which the land was sold, plus
delinquent taxes and interest</p><p class="bill_description">
This bill would reduce the rate of interest
that a person is required to pay to redeem property
that is sold for nonpayment of taxes</p><p class="bill_entitled_an_act"> To amend Sections 40-10-121 and 40-10-122, Code of
Alabama 1975, relating to interest charges on the sale and
redemption of property for unpaid taxes, to reduce the rate of
interest that a person is required to pay to redeem property
that is sold for nonpayment of taxes.
</p>
Subjects
Property, Real and Personal
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| January 12, 2010 | Read for the first time and referred to the House of Representatives committee on Banking and Insurance |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB22 Alabama 2010 Session - Introduced |