SB177 Alabama 2012 Session

Sponsors

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

<p class="bill_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</p><p class="bill_description"> 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</p><p class="bill_description"> 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</p><p class="bill_entitled_an_act"> To amend Section 40-10-28, Code of Alabama 1975, to provide procedures and time for making application for the excess paid by a tax sale purchaser; to require that the excess be held in escrow in the county treasury until proper application for payment of the escrow is made; and to provide that the excess shall be paid into the county general fund for use by the county if not claimed within 10 years. </p>

Subjects

Ad Valorem Tax