HB 1473 IN

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Permits a county to adopt an ordinance imposing a $7 fee for each document recorded on a tract located in the territory of a land bank, and requires the county treasurer to distribute the entire amount collected for the fee to the land bank on a quarterly basis. Provides that for five years after a tract is purchased from a land bank, 50% of the amount of property taxes paid on the tract must be transferred to the land bank. Requires a county executive to provide a land bank in the county with a list of tracts located in the territory of the land bank that: (1) are delinquent on property taxes; and (2) have been offered for public sale at least two times and remain unsold; on an annual basis, and requires the county executive to transfer its interest in a tract on the list to a land bank if requested by the land bank not later than 90 days after it receives the list.

• Sue Errington Democratic · author

1. Jan 14, 2021 Coauthored by Representative Moed · lower
2. Jan 14, 2021 Authored by Representative Errington · lower
3. Jan 14, 2021 First reading: referred to Committee on Local Government · lower

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Introduced House Bill (H) · Jan 13, 2021 · PDF