The bill amends the "Certification of Abandoned Property for Accelerated Forfeiture Act" by updating the definitions and criteria related to abandoned property. Specifically, it clarifies that "abandoned property" includes tax delinquent properties that are either vacant or dilapidated, open to trespass, or secured by a local government to prevent unauthorized access. Additionally, the definition of "certified abandoned property" is introduced, which refers to properties certified as abandoned by local governments, and the term "declaration of accelerated forfeiture of abandoned property" is defined as the resolution adopted by local units of government.

Furthermore, the bill updates the definition of "general property tax act" to include a specific reference to the relevant section of the law. It also reiterates the definitions of "legal interest," "local unit of government," and "tax delinquent property," ensuring clarity in the legal language surrounding these terms. Overall, the amendments aim to enhance the framework for managing abandoned properties and streamline the process for local governments in addressing tax delinquent properties.

Statutes affected:
House Introduced Bill: 211.962