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
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
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.
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 |