Modifies provisions relating to unpaid taxes and fees
What changed between versions
The bill changed from a single new section to a massive repeal and enactment of 48 new sections covering unpaid taxes, fees, penalties, and land banks.
Specific requirements for how land bank board members are appointed (e.g., by county executive, municipal league, or consensus) were removed, replacing them with a directive that all members be appointed by the county executive.
A new 'partial opt-in' provision allows counties to selectively apply new foreclosure rules to specific parcels rather than applying them county-wide.
New restrictions were added preventing bidders who are delinquent on other taxes, members of land banks, or related to officials from purchasing tax-delinquent properties.
New rules require nonresident bidders to file written consents to court jurisdiction and appoint local agents to facilitate tax sales.
The timeline for counties to elect to operate under new provisions was clarified, requiring them to first establish a land bank agency before opting into the new system.