SB218 Alabama 2015 Session

Updated Jul 24, 2021

Summary

Primary Sponsor: Trip Pittman
Republican
Session: Regular Session 2015
Title: Redemption of land sold for taxes, eliminate the requirement to pay interest on excess bid, Sec. 40-10-122 am'd.
Description: Under existing law, a person redeeming land sold at a tax sale to one other than the state is required to pay interest on the tax due and on the excess bid at the tax sale.
This bill would eliminate the requirement that a person redeeming land sold at a tax sale to one other than the state to pay interest on the excess bid.
Subjects: Property, Real and Personal

Read for the first time and referred to the Senate committee on Fiscal Responsibility and Economic Development