Bill > HB2234

This bill requires counties to report and transfer any unclaimed surplus proceeds from real property tax sales, which are funds remaining after a property is sold to cover taxes and costs, to the Unclaimed Property division of the State Treasurer after three years. Previously, these unclaimed funds would become part of the county's permanent school fund. The bill also mandates that counties notify former property owners about this transfer and their right to reclaim the money within thirty days of the transfer, and this notice must also be included with the certificate of sale. Important terms include "surplus proceeds," which are the excess funds from a tax sale after all debts and costs are paid, and "redemption period," the time frame during which a property owner can reclaim their property after a tax sale.

Budget and Finance

https://house.mo.gov/Bill.aspx?bill=HB2234&year=2026&code=R