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SB218 Alabama 2015 Session

Updated Jul 24, 2021
SB218 Alabama 2015 Session
Senate Bill
Expired
Current Status
Regular Session 2015
Session
1
Sponsor

Summary

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

Bill Actions

S

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

Bill Text

Documents

Source: Alabama Legislature