Bill > HB557

This bill modifies Louisiana's tax lien certificate and adjudicated property regulations, specifically expanding the ways political subdivisions can handle tax-delinquent properties. Under the new provisions, a political subdivision can convert an adjudicated property (a property that has been seized due to unpaid taxes) to a tax lien certificate, and the period of adjudication can count toward the required three-year waiting period before the property can be sold. If the conversion occurs after three years from the initial property adjudication, the property may be sold after following specific notice requirements. The bill also clarifies the legal procedure for recognizing amounts due under a tax lien certificate, allowing certificate holders to petition a court to recognize the amounts owed and the lien on the property after three years or 180 days after providing required notices. The changes will apply to taxable periods beginning on or after January 1, 2026, and are designed to provide more flexibility for local governments in managing tax-delinquent properties and recovering unpaid tax debts.

Budget and Finance

https://www.legis.la.gov/legis/BillInfo.aspx?s=25rs&b=HB557&sbi=y