Bill Text: AZ HB2653 | 2015 | Fifty-second Legislature 1st Regular | Chaptered
Bill Title: Tax liens; delinquency; partial payments
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2015-04-14 - Chapter 324 [HB2653 Detail]
Download: Arizona-2015-HB2653-Chaptered.html
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Senate Engrossed House Bill |
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State of Arizona House of Representatives Fifty-second Legislature First Regular Session 2015
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CHAPTER 324
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HOUSE BILL 2653 |
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AN ACT
Amending section 42-18153, Arizona Revised Statutes; relating to tax liens.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Section 42-18153, Arizona Revised Statutes, is amended to read:
42-18153. Amount required for redemption
A. To redeem a real property tax lien, a person must pay to the county treasurer:
1. The amount for which the real property tax lien was sold, with interest at the rate stated in the certificate of purchase.
2. The amount of all taxes accruing on the real property after the sale and paid by the purchaser and endorsed on the certificate of purchase, with interest on the subsequent taxes at the same rate as stated in the certificate of purchase.
3. Any statutory fees paid by the purchaser or the purchaser's assigns in connection with the certificate, except the processing fee imposed by section 42-18116, subsection C, with interest at the rate stated in the certificate of purchase except as otherwise provided by this chapter.
B. To redeem a real property tax lien in a county that has established an elderly assistance fund, a person shall pay to the county treasurer:
1. The amount for which the real property tax lien was sold, with interest at the rate prescribed by section 42-18053.
2. The amount of all taxes accruing on the real property after the sale and paid by the purchaser and endorsed on the certificate of purchase, with interest on the subsequent taxes at the same rate prescribed by section 42-18053.
3. Any statutory fees paid by the purchaser or the purchaser's assigns in connection with the certificate, except the processing fee imposed by section 42-18116, subsection C, with interest at the rate prescribed by section 42-18053 except as otherwise provided by this chapter.
C. After a real property tax lien is redeemed under subsection B of this section, and if an elderly assistance fund is established in the county pursuant to section 42-17401, the county treasurer shall deposit an amount in the elderly assistance fund that is equal to the difference in the amount of interest prescribed by section 42-18053 and the amount of interest stated in the certificate of purchase.
Sec. 2. Legislative intent
It is the intent of the legislature that the elderly assistance program established pursuant to section 42-17401, Arizona Revised Statutes, will continue using the monies currently in the fund.
APPROVED BY THE GOVERNOR APRIL 14, 2015.
FILED IN THE OFFICE OF THE SECRETARY OF STATE APRIL 15, 2015.
