SB177 Alabama 2012 Session

Summary

Primary Sponsor

Cam Ward

Republican

Session

Regular Session 2012

Title

Real Property, tax sales delinquent ad valorem tax, excess amounts paid to rightful owners, Sec. 40-10-28 am'd

Description

Under existing law, if property is sold for delinquent ad valorem taxes, the tax sale purchaser may pay an excess amount which can be paid over to the delinquent taxpayer under certain circumstances.

This bill would more clearly define who is entitled to be paid the excess amount and the circumstances under which the excess can be paid.

This bill would also require that the excess amount be held in escrow in the county treasury until such time as proper application for payment of the excess is made, and that if not paid within 10 years, the excess would be paid into the county general fund for use by the county.

Show more Show less

Subjects

Ad Valorem Tax