SB362 Alabama 2015 Session
Bill Summary
Under existing law, the interest to be paid through any litigation related to properties that are the subject of a tax sale is currently 12 percent. Additionally, redemption of properties sold at a tax sale, including the amount in excess of taxes due that is paid by the tax sale purchaser at the time of the tax sale purchase, is 12 percent
This bill would reduce the interest to be paid through any litigation related to properties that are the subject of a tax sale or the redemption of properties sold at a tax sale, including the amount paid in excess of taxes due that is paid by the tax sale purchaser, to seven and one-half percent
To amend Sections 40-10-75, 40-10-76, 40-10-77, 40-10-83, 40-10-121, and 40-10-122, Code of Alabama 1975, to reduce interest due or paid on properties subject to tax sale to seven and one-half percent.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 5, 2015 | H | Pending third reading on day 23 Favorable from Ways and Means General Fund |
| May 5, 2015 | S | Motion to Read a Third Time and Pass adopted Roll Call 808 |
| May 5, 2015 | S | Motion to Adopt adopted Roll Call 807 |
| May 5, 2015 | S | Pittman Amendment Offered |
| May 5, 2015 | S | Pittman motion to Adopt adopted Roll Call 806 |
| May 14, 2015 | H | Read for the second time and placed on the calendar |
| May 5, 2015 | S | County and Municipal Government Amendment Offered |
| May 7, 2015 | S | Engrossed |
| May 5, 2015 | S | Third Reading Passed |
| May 7, 2015 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund |
| April 16, 2015 | S | Read for the second time and placed on the calendar 1 amendment |
| April 9, 2015 | S | Read for the first time and referred to the Senate committee on County and Municipal Government |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | May 13, 2015 | Room 617 at 19:00 | House W&MGF Hearing |
| Hearing | April 15, 2015 | Room 316 at 19:00 | Senate C&MG Hearing |
| Hearing | April 15, 2015 | Room 316 at 13:30 | Senate C&MG Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB362 Alabama 2015 Session - Engrossed |
| Bill Text | SB362 Alabama 2015 Session - Introduced |