Bill Title: Tax sale redemptions. Provides that if real property sold at a tax sale is redeemed, the interest rate on the following components of the redemption amount is increased from 5% per annum to the statutory rate per annum for judgments on money (8% per annum under current law): (1) The amount by which the sales price exceeds the minimum bid. (2) The amount of the taxes and special assessments paid by the purchaser.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2019-01-03 - First reading: referred to Committee on Ways and Means [HB1074 Detail]

Text: Latest bill text (Introduced) [PDF]

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