Kentucky Senate Bill 78 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 7 2011 - 25% progression, died in committee
Action: 2011-02-09 - returned to Appropriations & Revenue (S)
Pending: Senate Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [MS Word]

Create a new section of KRS Chapter 134 to allow persons holding a first priority recorded mortgage that is subject to state property taxes to register their interest with the county clerk; amend KRS 134.122 to require county clerks to submit a list of certificates of delinquency to the Department of Revenue and require the department to publish a list of certificates of delinquency on their Web site; amend KRS 134.452 to make changes to what a third-party purchaser of a certificate of delinquency may collect and to prohibit fees or interest from being incurred after a payment has been made in the amount specified in the notice provided according to KRS 134.490; amend KRS 134.490 to require a third-party purchaser of a certificate of delinquency to notify a holder of a first priority recorded mortgage registered with the county clerk that the certificate of delinquency has been purchased and to require the third-party purchaser to send notice to the holders of a first priority mortgage registered with the county clerk at least 45 days prior that legal action will be taken to enforce collection; amend KRS 134.504 to require the county attorney or the department to mail a notice to a person holding a first priority mortgage that is registered with the county clerk advising of a certificate of delinquency, to require the county attorney or department to mail a second notice to a person holding a first priority recorded mortgage advising that the certificate of delinquency may be purchased by a third-party purchaser, and to require the county attorney or department to notify a person holding a first priority recorded mortgage of intent to initiate legal action to enforce collection of the amount due on a certificate of delinquency; amend KRS 134.125 to conform.

AN ACT relating to property taxes.

Sen. Tom Buford [R]

Date	Chamber	Action
2011-02-09		returned to Appropriations & Revenue (S)
2011-02-09		1st reading
2011-02-09		taken from Appropriations & Revenue (S)
2011-02-01		to Appropriations & Revenue (S)
2011-01-07		introduced in Senate

Type	Source
Summary	http://www.lrc.ky.gov/record/11RS/SB78.htm
Text	http://www.lrc.ky.gov/record/11RS/SB78/bill.doc