This bill amends the Code of West Virginia by removing the sunset provision that previously limited the right of first refusal for land reuse agencies and municipal land banks to acquire certain tax-delinquent properties. Under the current law, these entities are allowed to purchase qualifying tax-delinquent properties before they are offered at public auction, provided they meet specific criteria, such as having an assessed value of $50,000 or less, being on a vacant property registry for 24 months, or having municipal liens that exceed the back taxes owed. The bill ensures that this right remains in effect indefinitely, rather than expiring on July 1, 2025, as previously stipulated.

Additionally, the bill eliminates the requirement for land reuse agencies and municipal land banks to submit a report to the Joint Committee on Government and Finance regarding their activities related to the purchase of tax-delinquent properties before January 1, 2025. By removing these provisions, the bill aims to streamline the process for these agencies to acquire properties, thereby promoting land reuse and revitalization efforts without the constraints of a sunset date or reporting requirements.

Statutes affected:
Introduced Version: 31-18E-9