HB22 Alabama 2010 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2010
Title
Property sold for nonpayment of taxes, rate of interest required for redemption reduced, Secs. 40-10-121, 40-10-122 am'd.
Description
Under existing law, property that is sold for nonpayment of taxes may be redeemed by payment of the amount for which the land was sold, plus delinquent taxes and interest
This bill would reduce the rate of interest that a person is required to pay to redeem property that is sold for nonpayment of taxes
To amend Sections 40-10-121 and 40-10-122, Code of Alabama 1975, relating to interest charges on the sale and redemption of property for unpaid taxes, to reduce the rate of interest that a person is required to pay to redeem property that is sold for nonpayment of taxes.
Subjects
Property, Real and Personal
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| January 12, 2010 | Read for the first time and referred to the House of Representatives committee on Banking and Insurance |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB22 Alabama 2010 Session - Introduced |