House Bill No. 591, introduced by Representative Wilder, amends existing laws regarding the sale of adjudicated property and the termination of tax lien certificates. The bill allows the governing authority of a political subdivision to sell adjudicated property at public sale to the highest bidder without the requirement of setting a minimum bid or conducting an appraisal. This provides an alternative to the current law, which mandates a minimum bid that covers statutory impositions, governmental liens, and sale costs. The bill also extends the requirement for payment of costs associated with the termination of tax lien certificates to include those for adjudicated property.

The provisions of this bill will become effective on January 1, 2026, and will apply to all taxable periods beginning on or after that date. It retains the option for governing authorities to set a minimum bid if they choose, while also ensuring that the costs incurred during the termination of tax lien certificates are applicable to adjudicated properties. This legislative change aims to streamline the process of selling adjudicated properties and clarify the financial responsibilities associated with terminating tax liens.

Statutes affected:
HB591 Original: 47:2202(A)(1), 47:2247(A)
HB591 Engrossed: 47:2202(A)(1), 47:2247(A)
HB591 Reengrossed: 47:2202(A)(1), 47:2247(A)