SB177 Alabama 2012 Session
Bill Summary
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
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.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 9, 2012 | Finance and Taxation General Fund first Substitute Offered | |
| May 9, 2012 | Indefinitely Postponed | |
| March 22, 2012 | Read for the second time and placed on the calendar with 1 substitute and | |
| February 7, 2012 | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB177 Alabama 2012 Session - Introduced |