SB95 Alabama 2017 Session
Bill Summary
Under existing law, Section 40-10-28, Code of Alabama 1975, as amended by Act 2014-442, provides for the disposition of any excess funds arising from a tax sale after the property is redeemed. It is unclear whether the law applies to funds held by a county prior to the 2014 amendment
This bill would clarify the process for the calculation, distribution, and retention of excess funds held by a county following the sale of real estate for taxes and would provide for this process to apply regardless of when the tax sale took place
This bill would also ratify, validate, and affirm any good faith actions taken by a county in regards to the calculation, distribution, and retention of excess funds pursuant to any prior version of the law
To amend Section 40-10-28, Code of Alabama 1975, to provide for the calculation, distribution, and retention of all excess funds arising from the sale of real estate for taxes on the effective date of this act held by a county regardless of when the tax sale took place; and to ratify, validate, and affirm the treatment and disposition of excess funds and interest made in good faith reliance on this section, prior to the effective date of this act.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 14, 2017 | S | Assigned Act No. 2017-130. |
| March 14, 2017 | H | Signature Requested |
| March 14, 2017 | S | Enrolled |
| March 9, 2017 | S | Passed Second House |
| March 9, 2017 | H | Motion to Read a Third Time and Pass adopted Roll Call 228 |
| March 9, 2017 | H | Third Reading Passed |
| February 23, 2017 | H | Read for the second time and placed on the calendar |
| February 16, 2017 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund |
| February 16, 2017 | S | Engrossed |
| February 16, 2017 | S | Motion to Read a Third Time and Pass adopted Roll Call 66 |
| February 16, 2017 | S | Pittman motion to Adopt adopted Roll Call 65 |
| February 16, 2017 | S | Finance and Taxation General Fund Amendment Offered |
| February 16, 2017 | S | Third Reading Passed |
| February 9, 2017 | S | Read for the second time and placed on the calendar 1 amendment |
| February 7, 2017 | S | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | February 22, 2017 | Room 617 at 13:30 | House W&MGF Hearing |
| Hearing | February 8, 2017 | Room 727 at 09:30 | Senate F&TG Hearing |