House Bill No. by Representative Wilder proposes amendments to the existing laws regarding the sale of adjudicated property and the termination of tax lien certificates in Louisiana. The bill allows the governing authority of each political subdivision to sell adjudicated property at public sale to the highest bidder without the requirement of setting a minimum bid or obtaining an appraisal. This new provision offers an alternative to the current requirement that mandates a minimum bid amount equal to the total of statutory impositions, governmental liens, and costs of sale.

Additionally, the bill extends the obligations related to the termination of tax lien certificates to include adjudicated property. It stipulates that individuals terminating a tax lien certificate must pay the termination price and actual costs incurred by the political subdivision, which includes expenses for certified mail, publication of notice, and personal services related to compliance with the law. The provisions of this bill will take effect on January 1, 2026, and will apply to all taxable periods beginning on or after that date.

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