Taxes, Real Property - As enacted, revises standards for the length of the redemption period for a property subject to a tax sale based on whether the period of delinquency is three years or less or is more than three years. - Amends TCA…

What it does: Present law requires the redemption period to be determined for each parcel based on the period of delinquency. Once the period of delinquency is established, the redemption period is set according to the following scales:  If the period of delinquency is five years or less, the redemption period must be one year from the entry of the order confirming the sale.  If the period of delinquency is more than five years but less than eight years, the redemption period must be 180 days from the entry of the order confirming the sale. (official summary)

Question before the chamber: Third Consideration

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