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Senate committee advances bill allowing registered local entities to buy delinquent tax certificates on vacant Louisville homes
Summary
Senate Bill 129, intended to spur redevelopment of vacant and abandoned residential properties in Louisville Metro, passed out of the Senate standing committee on Economic Development, Tourism and Labor with a favorable recommendation.
Senate Bill 129, intended to spur redevelopment of vacant and abandoned residential properties in Louisville Metro, passed out of the Senate standing committee on Economic Development, Tourism and Labor with a favorable recommendation.
The bill creates a program under which certain qualified third-party purchasers — including political subdivisions operating in Louisville Metro, state or local agencies, boards or commissions operating in Louisville Metro, quasi‑governmental entities created by or operating in Louisville Metro, and nonprofit organizations registered with the Kentucky Secretary of State for at least five years — may purchase certificates of delinquent…
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