|Posted:||May 4, 2017 09:37 AM|
|From:||Senator James R. Brewster|
|To:||All Senate members|
|Subject:||Optional County Demolition and Rehabilitation Fund|
|In the near future, I plan on reintroducing SB 482 (PN 2064) from the 2015-2016 session. This legislation amends the Real Estate Tax Sale Law to establish a county demolition and rehabilitation fund in each county.
The governing body of a county may, by ordinance, impose a fee not to exceed 10 percent of the assessed price of a property being sold for delinquent taxes. A public notice shall be provided stating the establishment of the fee and it percentage rate.
The fund established may be used by the county, any not-for-profit or pro-profit corporation that has a contract with the county or any taxing entity, redevelopment authority, land bank or other government entity, for the demolition or rehabilitation of blighted property located in the county.
This bill passed unanimously in the Senate Urban Affairs & Housing Committee, Senate Appropriations Committee, full Senate, and House Urban Affairs Committee. It was laid upon the table on Sept. 21, 2015.
Introduced as SB735