Bill Text: IA SF2108 | 2015-2016 | 86th General Assembly | Introduced
Bill Title: A bill for an act relating to registration fees established and collected by the county treasurer at a tax sale and including effective date and applicability provisions.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2016-02-08 - Subcommittee, Quirmbach, Allen, and Smith. S.J. 174. [SF2108 Detail]
Download: Iowa-2015-SF2108-Introduced.html
Senate File 2108 - Introduced SENATE FILE BY SMITH A BILL FOR 1 An Act relating to registration fees established and collected 2 by the county treasurer at a tax sale and including 3 effective date and applicability provisions. 4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 5354XS (2) 86 md/sc PAG LIN 1 1 Section 1. Section 446.16, subsection 2, Code 2016, is 1 2 amended to read as follows: 1 3 2. The treasurer may establish and collect a reasonable 1 4 registration fee from each registered bidder at the tax sale. 1 5 However, the registration fee assessed against a registered 1 6 bidder who is an individual resident of this state or that 1 7 is a domestic business entity as defined in section 501A.102 1 8 shall not exceed fifty percent of the highest registration fee 1 9 assessed against other registered bidders at the tax sale. The 1 10 fee shall not be assessed against a county or municipality. 1 11 The total of the fees collected shall not exceed the total 1 12 costs of the tax sale. Registration fees collected shall be 1 13 deposited in the general fund of the county. 1 14 Sec. 2. EFFECTIVE UPON ENACTMENT. This Act, being deemed of 1 15 immediate importance, takes effect upon enactment. 1 16 Sec. 3. APPLICABILITY. This Act applies to tax sales 1 17 occurring on or after July 1, 2016. 1 18 EXPLANATION 1 19 The inclusion of this explanation does not constitute agreement with 1 20 the explanation's substance by the members of the general assembly. 1 21 Code section 446.16, subsection 2, authorizes the county 1 22 treasurer to establish and collect a reasonable registration 1 23 fee from each registered bidder at a tax sale, excluding the 1 24 county or a municipality. This bill requires the registration 1 25 fee assessed against a registered bidder that is an individual 1 26 resident of this state or that is a domestic business entity as 1 27 defined in Code section 501A.102 not exceed 50 percent of the 1 28 registration fee amount assessed against all other registered 1 29 bidders at the tax sale. 1 30 The bill takes effect upon enactment and applies to tax sales 1 31 occurring on or after July 1, 2016. LSB 5354XS (2) 86 md/sc
