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Committee approves bill to let vetted local entities buy delinquent tax certificates for vacant Louisville homes
Summary
The Senate committee advanced Senate Bill 129, which lets registered local agencies, quasi‑governmental entities and long‑established nonprofits purchase delinquent tax certificates on vacant or abandoned residential properties in Louisville Metro after a 90‑day period, aiming to return blighted properties to productive use.
Senate Bill 129, a measure aimed at returning vacant and abandoned residential properties in Louisville Metro to productive use, advanced out of the Senate Standing Committee on Economic Development, Tourism and Labor after a committee substitute was adopted and members voted in favor.
The bill creates a qualified third‑party purchaser process that allows certain entities to buy certificates of delinquency on residential property 90 days after a certificate is created. "This is another, a step in doing this," Senator Mike Mills said, describing the measure as part of broader General Assembly efforts to remove blight and put properties back on the tax rolls. "This is just another, small way that we can get properties back functioning in our, in our largest state, in the Commonwealth and get affordable…
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