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DIGEST OF INTRODUCED BILL
Tax sale redemption interest rates. Requires that each bid for purchase at a real property tax sale must designate the rate of interest per annum on the amount by which the purchase price exceeds the minimum bid that the bidder agrees will apply upon redemption. For the purpose of determining the successful bidder in the tax sale, allows the county treasurer, in addition to considering which bid is the highest, to consider which bid designates the lowest interest rate.