House Bill No. 557, introduced by Representative Braud, aims to amend and reenact specific provisions of Louisiana's tax law concerning adjudicated tax-delinquent properties and the tax lien certificate process. The bill allows political subdivisions to adopt ordinances that convert adjudicated properties into tax lien certificates, which must be filed with the recorder of mortgages in the respective parish. It establishes that the period of adjudication can be included in the three-year timeframe required for tax lien certificates. If the conversion occurs after three years from the recordation of the adjudication, the property may be sold following the necessary post-tax lien notice requirements.

The bill also clarifies that upon the expiration of the three-year period or after providing required notices, a certificate holder can initiate legal proceedings to recognize amounts due under the tax lien certificate. The provisions of this bill will take effect on January 1, 2026, and will supersede certain provisions of a prior act from the 2024 Regular Session. Overall, the legislation seeks to streamline the process for managing tax-delinquent properties and enhance the enforcement of tax lien certificates by political subdivisions.

Statutes affected:
HB557 Original: 47:2201(B), 47:1(A)(1)
HB557 Engrossed: 47:2201(B), 47:1(A)(1)
HB557 Reengrossed: 47:2201(B), 47:1(A)(1)