Bill > HB294

This bill modifies the process for collecting delinquent taxes, particularly when a third-party purchaser buys a tax lien. First, it changes the notification timeline for third-party purchasers of delinquent tax liens, requiring them to send a notice to the delinquent taxpayer within thirty days of purchasing the lien, and then every six months thereafter, instead of fifty days and annually. It also clarifies how third-party purchasers can obtain property owner addresses from tax officials and specifies the information that must be included in these notices, such as the amount due, interest rates, and potential collection actions like foreclosure. Second, the bill requires that notices sent to delinquent taxpayers about the collection process now include information about the homestead exemption application process, which is a legal provision that allows homeowners to reduce their property tax liability.

Budget and Finance

https://apps.legislature.ky.gov/record/26RS/hb294.html