Bill Summary – FastDemocracy

LEGISLATIVE SERVICES AGENCY
                 OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
                                      200 W. Washington St., Suite 301
                                           Indianapolis, IN 46204
                                               (317) 233-0696
                                                  iga.in.gov
                                 FISCAL IMPACT STATEMENT
LS 7279                                                               NOTE PREPARED: Jan 4, 2021
BILL NUMBER: HB 1529                                                  BILL AMENDED:
SUBJECT: Tax Sales.
FIRST AUTHOR: Rep. Slager                                             BILL STATUS: As Introduced
FIRST SPONSOR:
FUNDS AFFECTED:               GENERAL                                 IMPACT: Local
                              DEDICATED
                              FEDERAL
Summary of Legislation: This bill changes the period of time in which a person may redeem a property
subject to a tax sale from the expiration of the period of redemption to the time a tax deed is issued for the
property. It changes the period for redemption to a notice period.
This bill requires the purchaser of a tax sale certificate to provide a draft copy of the verified petition for
issuance of a tax deed when providing notice to interested parties after the expiration of the notice period.
The bill also makes conforming amendments.
Effective Date: July 1, 2021.
Explanation of State Expenditures:
Explanation of State Revenues:
Explanation of Local Expenditures: This bill could increase the workload and postage expenses of certain
county executives and county auditors.
Under current law, within three months after the redemption period (“notice period” in this bill), the
purchaser or the county executive may, or the county auditor in a county where the auditor and the treasurer
have an agreement, may upon request, file a petition with the court directing the county auditor to issue a tax
deed. Notice of the filing must be given to the owner of record at the time of the sale and to any person with
a substantial property interest of public record. This bill requires that if the notice is mailed, a draft copy of
HB 1529                                                 1
the petition must be included with the notice.
Explanation of Local Revenues: This bill has no impact on local revenues. It extends the period during
which a property owner may redeem a property offered at tax sale that was either (1) sold at tax sale or (2)
not sold at tax sale with the county acquiring the lien.
State Agencies Affected:
Local Agencies Affected: County executives; County auditors.
Information Sources:
Fiscal Analyst: Bob Sigalow, 317-232-9859.
HB 1529                                              2
Statutes affected: 
1. Introduced House Bill (H): 6-1.1-24-2, 6-1.1-24-6.4, 6-1.1-24-7, 6-1.1-24-9, 6-1.1-25-1, 6-1.1-25-2, 6-1.1-25-4, 6-1.1-25-4.5, 6-1.1-25-4.6, 6-1.1-25-4.8, 6-1.1-25-11