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Senate committee advances bill eliminating 10-day post-auction redemption window for tax-delinquent parcels

REVENUE & TAX - SENATE · February 22, 2023
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Senate Revenue & Tax Committee passed House Bill 1263 to remove the 10-day redemption period after tax-delinquent parcel auctions and reduce refund-processing burdens. Sponsors and State Lands officials said the change will make auction sales final the day of sale while retaining owners— statutory long-term redemption rights.

House Bill 1263, authored on the floor by Representative Marcus Richmond and presented to the Senate Revenue & Tax Committee, passed the committee by voice vote after testimony from the State Lands office and a brief member exchange.

The bill, as presented by Representative Marcus Richmond, seeks to eliminate the 10-day post-auction redemption window for tax-delinquent parcels and reduce administrative refund processing tied to that period. Richmond told the committee that auction purchasers have in recent years at times paid large sums in…

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