Senate Bill 422
Introduced Senate Bill (S)
DIGEST
Land banks. Revises the land bank statute. Provides that in a county that has established a county land bank the county treasurer shall establish a county land bank fund for the purpose of accumulating money for distribution to the county land bank. Provides that a county fiscal body may adopt an ordinance to allocate to the county land bank an amount or percentage of the county's share of any penalties and interest on delinquent tax payments that is distributed to the county from the semiannual distribution made by the county auditor. Increases the fee charged for filing a sales disclosure
Land banks. Revises the land bank statute. Provides that in a county that has established a county land bank the county treasurer shall establish a county land bank fund for the purpose of accumulating money for distribution to the county land bank. Provides that a county fiscal body may adopt an ordinance to allocate to the county land bank an amount or percentage of the county's share of any penalties and interest on delinquent tax payments that is distributed to the county from the semiannual distribution made by the county auditor. Increases the fee charged for filing a sales disclosure
form. Provides that in a county that has established a county land bank, part of the revenue received from fees charged for filing a sales disclosure form and any associated penalties shall be deposited in the county land bank fund. Reinstates the mortgage foreclosure counseling and education fee (expired July 1, 2017) to be collected as a civil cost in all mortgage foreclosure actions. Enacts a blight fee to be collected as a civil cost in all mortgage foreclosure actions. Enacts a supplemental tax deed petition fee to be collected as a civil cost in all petitions for issuance of a tax deed. Provides that redevelopment commissions and land banks are not required to pay recording fees or other fees charged by county recorders. Shortens the time limit for claiming a refund of excess property taxes paid by a taxpayer from three years to two years. Provides that unclaimed property tax refunds shall be deposited into the county land bank fund in a county that has established a land bank and a county land bank fund. Increases the penalties for delinquent property taxes in those counties that have established a county land bank. Emphasizes that the statute requiring execution of a residential real estate sales disclosure form does not apply to transfers of residential real property to or from a redevelopment commission or a land bank. Provides that the usual procedures for disposal of real property by a political subdivision do not apply to the disposal of property by a land bank. Provides that an enforcement authority may, upon determination that a vacant structure or an abandoned structure exists, inform the executive of the county, city, or town with which the enforcement authority is associated that the property is a candidate for inclusion on the executive's list of vacant or abandoned properties that are eligible for tax sale. Revises the statute concerning the determination by a court or hearing authority that real property is abandoned.
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