Print Friendly HOUSE BILL NO. 600 – Property, tax sale, proceeds
HOUSE BILL NO. 600
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H0600...............................................by REVENUE AND TAXATION
PROPERTY - TAX SALE - Amends existing law relating to the collection of
delinquencies to provide for the apportionment of proceeds from the
redemption tax sale of any property described in any delinquency; and to
include a remittance to the record owner or owners or any party in interest
of amounts remaining after deduction of the delinquency, late charges,
accrued interest, costs, fees and the costs of transacting the sale.
02/02 House intro - 1st rdg - to printing
02/03 Rpt prt - to Rev/Tax
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]]
Fifty-seventh Legislature Second Regular Session - 2004
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 600
BY REVENUE AND TAXATION COMMITTEE
1 AN ACT
2 RELATING TO COLLECTION OF DELINQUENCY; AMENDING SECTION 63-1015, IDAHO CODE,
3 TO PROVIDE FOR APPORTIONMENT OF PROCEEDS FROM REDEMPTION TO INCLUDE A
4 REMITTANCE TO THE RECORD OWNER OR OWNERS OR ANY PARTY IN INTEREST OF
5 AMOUNTS REMAINING AFTER DEDUCTION OF THE DELINQUENCY, LATE CHARGES,
6 ACCRUED INTEREST, COSTS, FEES AND THE COSTS OF TRANSACTING THE SALE; AND
7 DECLARING AN EMERGENCY.
8 Be It Enacted by the Legislature of the State of Idaho:
9 SECTION 1. That Section 63-1015, Idaho Code, be, and the same is hereby
10 amended to read as follows:
11 63-1015. APPORTIONMENT OF PROCEEDS FROM REDEMPTION. Upon the redemption
12 from tax sale of any property described in any delinquency entry but not later
13 than thirty-one (31) days from receipt by the county, the amount paid on
14 account of such redemption , which remains after deduction of the delinquency,
15 late charges, accrued interest, costs, fees and the costs of transacting the
16 sale, shall be remitted to the record owner or owners or any party in inter-
17 est. The portion retained by the county shall be paid into the county treasury
18 by the tax collector, upon the certificate of the county auditor , to. The por-
19 tion retained by the county which represents the cost of the transaction shall
20 be calculated using the average hourly operating cost of each department
21 affected. The portion of receipts representing the delinquency, late charges
22 and accrued interest shall be apportioned among the several state, and county
23 funds and taxing districts ,' accounts in the same manner as provided by law
24 for the apportionment of property taxes.
25 SECTION 2. An emergency existing therefor, which emergency is hereby
26 declared to exist, this act shall be in full force and effect on and after its
27 passage and approval.
STATEMENT OF PURPOSE
The purpose of this legislation is to amend Section 63-1015 to
require that any proceeds from a tax foreclosure sale in excess
of the actual tax and costs of collection be returned to the
There is no fiscal impact on the general or dedicated funds.
Name: Representative Charles Eberle
STATEMENT OF PURPOSE/FISCAL NOTE H 600