HB335 Alabama 2024 Session

Summary

Primary Sponsor

Jim Hill Representative

Republican

Session

Regular Session 2024

Title

Tax lien auctions and sales; auctions and fees further provided for; tax lien redemptions; tax lien price further provided for; redemption of tax lien further provided for; prohibit entry on land; penalties established

Description

Under existing law, all tax liens representing unpaid and delinquent taxes on real property are subject to a tax lien auction or a tax lien sale.

This bill would require a public auction to take place between 8:30 a.m. and 4:00 p.m.

Under existing law, a person who purchases a tax lien at auction is subject to three separate fees.

This bill would consolidate the three separate fees into one fee, with the total amount remaining consistent.

Under existing law, the holder of a tax lien certificate has the first right to purchase a tax lien relating to a subsequent delinquency.

This bill would provide that if a holder of a tax lien certificate fails to exercise the first right to purchase, the cost of the redemption price of the tax lien shall be added to the purchase price at the tax lien sale or auction and would provide for the transfer of the tax lien certificate and included rights.

This bill would further provide for who may redeem a tax lien that has been auctioned or sold.

This bill would prohibit a holder of a tax lien certificate from entering upon or possessing any HB335 INTRODUCED property until a deed is received from the circuit clerk.

This bill would prevent a holder of a tax lien certificate from being criminally or civilly liable for violations in certain circumstances.

This bill would also establish that certain books and records are prima facie evidence of an auction, sale, or redemption of a tax lien certificate.

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Subjects

Property & Estates