Under existing law, Section 40-10-28, Code of Alabama 1975, as amended by Act 2014-442, provides for the disposition of any excess funds arising from a tax sale after the property is redeemed. It is unclear whether the law applies to funds held by a county prior to the 2014 amendment.
This bill would clarify the process for the calculation, distribution, and retention of excess funds held by a county following the sale of real estate for taxes and would provide for this process to apply regardless of when the tax sale took place.
This bill would also ratify, validate, and affirm any good faith actions taken by a county in regards to the calculation, distribution, and retention of excess funds pursuant to any prior version of the law.
Wood motion to Indefinitely Postpone adopted Voice Vote
Wood motion to Substitute SB95 for HB145
Motion to Adopt adopted Roll Call 226
County and Municipal Government Amendment Offered
Third Reading Indefinitely Postponed
Read for the second time and placed on the calendar 1 amendment
Read for the first time and referred to the House of Representatives committee on County and Municipal Government
Source: Alabama Legislature