Bill > HSB205

Introduced Session

This bill relates to cities or counties canceling the sale of property containing abandoned buildings to a tax sale certificate holder. Currently, if a city or county files a petition against the holder of a tax sale certificate, and the tax certificate holder’s property is verified to contain an abandoned building, the county treasurer is required to cancel the sale of the property and is required to refund the purchase money to the tax sale certificate holder. If the sale of such a property is canceled, the bill requires the city or county to refund the purchase money plus interest of 2 percent per month on the sum of the purchase money and any amounts added to the amount due under Code section 447.1.

Committee Categories

No sponsors listed

Other Sponsors (1)

Subcommittee recommends passage. (on 03/03/2025)

Official Document