The bill proposes the repeal of Section 10-25-39.2, which previously mandated that any individual, excluding counties, who acquires real property through a tax deed must offer the property for public auction within one year of receiving the tax deed. The bill removes the requirement for such auctions and the associated provisions regarding the distribution of sale proceeds and compensation for the seller.

Additionally, the bill amends Section 10-25-12 to clarify that any deed acquired under the specified sections grants the grantee an absolute estate in fee simple, while also stating that the property remains subject to any state claims for taxes, liens, or encumbrances. The amendment emphasizes the immediate exclusive possession rights of the deed holder, regardless of any potential claims to redeem or contest possession by others.

Statutes affected:
Introduced, 01/30/2025: 10-25-39.2, 10-25-12