SB95 Alabama 2017 Session
Signed by Governor
Bill Summary
Sponsors
Session
Regular Session 2017
Title
Real property, tax sales, excess funds, redemption payments, application to all funds held by a county, retroactive effect regardless of when tax sale occurred, Sec. 40-10-28 am'd.
Description
<p class="bill_description"> 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</p><p class="bill_description">
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</p><p class="bill_description">
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</p><p class="bill_entitled_an_act"> To amend Section 40-10-28, Code of Alabama 1975, to
provide for the calculation, distribution, and retention of
all excess funds arising from the sale of real estate for
taxes on the effective date of this act held by a county
regardless of when the tax sale took place; and to ratify,
validate, and affirm the treatment and disposition of excess
funds and interest made in good faith reliance on this
section, prior to the effective date of this act.
</p>
Subjects
Counties
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 14, 2017 | S | Assigned Act No. 2017-130. |
| March 14, 2017 | H | Signature Requested |
| March 14, 2017 | S | Enrolled |
| March 9, 2017 | S | Passed Second House |
| March 9, 2017 | H | Motion to Read a Third Time and Pass adopted Roll Call 228 |
| March 9, 2017 | H | Third Reading Passed |
| February 23, 2017 | H | Read for the second time and placed on the calendar |
| February 16, 2017 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund |
| February 16, 2017 | S | Engrossed |
| February 16, 2017 | S | Motion to Read a Third Time and Pass adopted Roll Call 66 |
| February 16, 2017 | S | Pittman motion to Adopt adopted Roll Call 65 |
| February 16, 2017 | S | Finance and Taxation General Fund Amendment Offered |
| February 16, 2017 | S | Third Reading Passed |
| February 9, 2017 | S | Read for the second time and placed on the calendar 1 amendment |
| February 7, 2017 | S | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | February 22, 2017 | Room 617 at 13:30 | House W&MGF Hearing |
| Hearing | February 8, 2017 | Room 727 at 09:30 | Senate F&TG Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB95 Alabama 2017 Session - Introduced |