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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, andcounty 23 fundsand 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 RS 13652 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 property owner. FISCAL IMPACT There is no fiscal impact on the general or dedicated funds. Contact Name: Representative Charles Eberle Phone: (208)332-100 STATEMENT OF PURPOSE/FISCAL NOTE H 600