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Bill > HB270
AL HB270
AL HB270Tax delinquent properties, provides for distribution of excess funds from certain tax sale, actions to foreclose and quiet title, public auction demanded and distribution of proceeds, distribution of surplus proceeds, limited application of act.
summary
Introduced
02/29/2024
02/29/2024
In Committee
04/10/2024
04/10/2024
Crossed Over
04/02/2024
04/02/2024
Passed
04/26/2024
04/26/2024
Dead
Signed/Enacted/Adopted
05/07/2024
05/07/2024
Introduced Session
Regular Session 2024
Bill Summary
Tax delinquent properties, provides for distribution of excess funds from certain tax sale, actions to foreclose and quiet title, public auction demanded and distribution of proceeds, distribution of surplus proceeds, limited application of act.
AI Summary
This bill amends Sections 40-10-28 and 40-10-197 of the Code of Alabama 1975 to provide for the distribution of excess funds from certain tax sales, actions to foreclose and quiet title, public auctions of tax-delinquent properties, and the distribution of surplus proceeds. The bill establishes timelines for when excess funds must be claimed or become the property of the county, and it also sets forth the process for tax lien foreclosure actions, including notice requirements, appointment of guardians ad litem, and the ability for interested parties to demand a public auction. The bill applies to tax liens for which a final judgment has not been rendered in a foreclosure and quiet title action by October 1, 2024.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Enacted (on 05/07/2024)
Official Document
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