SB 670 Modifies provisions relating to the compromise of taxes and penalties for properties subject to certain actions as abandoned property in Jackson County
Sponsor: Justus
LR Number: 3599S.01P Fiscal Note: 3599-01P.ORG
Committee: Jobs, Economic Development and Local Government
Last Action: 4/7/2010 - Hearing Conducted H Local Government Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2010

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Current Bill Summary

SB 670 - This act requires the Jackson County Court to stay the sale of any tax parcel under execution of a tax foreclosure judgment, which is the subject of an action filed under the provisions governing nonprofit organizations taking possession of certain abandoned property, if the party which brought such action has paid into the court the principal amount of all land taxes due under the tax foreclosure judgment prior to the date of any proposed sale under execution. The party bringing such action must provide written notice of the filing to the court administrator and file with the court a certificate that such notice has been provided to the administrator.

Upon the court granting temporary possession of the abandoned property to the nonprofit organization and approval of the sheriff's deed for such property, the circuit court will direct payment to the county collector of all principal land taxes already paid to the court. When granting a sheriff's deed, the court must order the permanent extinguishment of liability against the grantee of the sheriff's deed and all successors in interest, except for any defendant in such action. The funds paid to the court for land taxes will then be paid to the county collector. If the owner of the abandoned property moves the court for restoration of the property, he or she must pay all land taxes due, including penalties, interest, fees, and costs.

If the party which brings such an action, dismisses its action prior to gaining temporary possession, it will recover the money paid to the court prior to the date for principal land taxes. If the owner of the tax parcel regains possession, the party bringing the action will recover, from the owner, an amount equal to that paid by the party.

This act is similar to Senate Bill 399 (2009).