SB218 Alabama 2015 Session
In Committee
Bill Summary
Sponsors
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
<p class="bill_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</p><p class="bill_description">
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</p><p class="bill_entitled_an_act"> To amend Section 40-10-122, Code of Alabama 1975, to
provide further for the redemption process for land sold for
taxes to a party other than the state; and to eliminate the
requirement that a person pay interest for an excessive bid.
</p>
Subjects
Property, Real and Personal
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 12, 2015 | S | Read for the first time and referred to the Senate committee on Fiscal Responsibility and Economic Development |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | March 18, 2015 | Room 727 * Agenda Revised 1* at 15:00 | Senate FR&ED Hearing |
| Hearing | March 18, 2015 | Room 727 at 15:00 | Senate FR&ED Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB218 Alabama 2015 Session - Introduced |