Regards tax foreclosures, county land reutilization corporations

HB 375, known as the Gus Frangos Act, amends state laws regarding tax foreclosures and the operations of county land reutilization corporations. The bill primarily affects county auditors and treasurers by modifying how delinquent property taxes are listed and how compensation is calculated for tax collection services. Key provisions include updating the process for suspending delinquent taxes on specific property tracts and establishing new fee structures for county auditors based on tax collections and settlements. Additionally, the legislation creates a state funding mechanism to reimburse counties for increased administrative costs related to property tax relief applications.