The bill SB260 Engrossed amends the Code of Alabama 1975 to enhance the regulations surrounding tax lien auctions and sales. Key provisions include the requirement for public auctions to be held between 8:30 a.m. and 4:00 p.m., with at least 30 days' notice given to delinquent taxpayers prior to the auction. It mandates the creation of a tax lien auction list that details unsold tax liens and the properties involved, while also ensuring that unsold tax liens continue to accrue interest and can be auctioned later. Additionally, the bill outlines the purchase process for tax liens, requiring bidders to pay all delinquent taxes, interest, fees, and a new administrative fee of $45, while clarifying the auction process and the contents of the tax lien certificate.

Further amendments address the transfer and assignment of tax lien certificates, requiring notarization and acknowledgment by tax officials, along with a $5 fee for this service. The bill clarifies the rights of tax lien certificate holders, including their ability to collect amounts due and the prohibition against charging more than official fees for lien release. It also establishes that tax collecting officials must record all private tax lien sales and ensures that unsold tax liens are included in future auctions. The bill introduces a new section that allows certified copies of tax records to serve as prima facie evidence in legal proceedings related to tax liens, and it modifies existing language to clarify the obligations of tax officials. Overall, these changes aim to streamline tax lien management and enhance transparency and accountability in the process.

Statutes affected:
Introduced: 40-10-182, 40-10-183, 40-10-184, 40-10-186, 40-10-187, 40-10-191, 40-10-193, 40-10-198, 40-10-199, 40-10-200
Engrossed: 40-10-182, 40-10-183, 40-10-184, 40-10-186, 40-10-187, 40-10-191, 40-10-193, 40-10-198, 40-10-199, 40-10-200