summary
Introduced
02/03/2026
02/03/2026
In Committee
02/06/2026
02/06/2026
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Senior Citizens Real Estate Tax Deferral Act. Provides that the real estate taxes deferred under the Act and taxes paid by the Department of Revenue under the Act, together with all interest and costs that may accrue on those amounts, shall be a prior and first lien on the property until the deferred taxes, interest, and costs are paid. Provides that the tax deferral and recovery agreement with the collector shall expressly state that those amounts are a prior and first lien. Effective immediately.
AI Summary
This bill amends the Senior Citizens Real Estate Tax Deferral Act to clarify that any real estate taxes deferred by eligible seniors, along with any taxes paid by the Department of Revenue on their behalf and all associated interest and costs, will hold a primary and first lien on the property. This means that these deferred amounts will be prioritized above all other existing debts or claims against the property until they are fully repaid. The bill also mandates that the tax deferral and recovery agreement, a contract between the senior and the tax collector, must explicitly state that these deferred taxes and associated costs constitute this prior and first lien. This change is intended to provide stronger security for the deferred tax amounts.
Sponsors (1)
Last Action
Referred to Rules Committee (on 02/06/2026)
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