SB197 Alabama 2013 Session

Summary

Primary Sponsor

Cam Ward

Republican

Session

Regular Session 2013

Title

Real Property, tax sales delinquent ad valorem tax, excess amounts paid to a person or entity who has redeemed the property, 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 by providing that the excess funds only be paid to a person or entity who has redeemed the property. This bill would also require that the excess amount be held in escrow in the county treasury for at least three years 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.

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Subjects

Ad Valorem Tax