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Assembly committee advances bill to add notice, hearing process for county Chapter 8 tax sales
Summary
AB 418, which would create a standardized process for county tax collectors to follow when using the Chapter 8 negotiated tax-sale process, was moved out of the Assembly Revenue and Taxation Committee on a 6-0 vote and referred to the Appropriations Committee.
AB 418, which would create a standardized process for county tax collectors to follow when using the Chapter 8 negotiated tax-sale process, was moved out of the Assembly Revenue and Taxation Committee on a 6-0 vote and referred to the Appropriations Committee.
The bill's sponsor, Assemblymember Laura Wilson, told the committee AB 418 would require notification and a public notice hearing in Chapter 8 sales so property owners and other stakeholders may review and question negotiated sale prices and the justification for them. She said the measure also increases pre-sale notice from 30 to 45 days.
Supporters said the bill is intended to protect property owners who…
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