Bill Text: IA HF369 | 2013-2014 | 85th General Assembly | Introduced
Bill Title: A bill for an act relating to the procedure for tax sales and including applicability provisions.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2014-03-20 - Passed subcommittee. [HF369 Detail]
Download: Iowa-2013-HF369-Introduced.html
House
File
369
-
Introduced
HOUSE
FILE
369
BY
HAGENOW
A
BILL
FOR
An
Act
relating
to
the
procedure
for
tax
sales
and
including
1
applicability
provisions.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
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369
Section
1.
Section
446.16,
subsections
1
and
4,
Code
2013,
1
are
amended
to
read
as
follows:
2
1.
a.
Each
parcel
offered
for
sale
shall
first
be
offered
3
for
sale
to
those
registered
bidders
under
this
section
who
4
are
individual
residents
of
this
state
or
that
are
domestic
5
business
entities
as
defined
in
section
501A.102.
The
6
individual
resident
or
domestic
business
entity
who
offers
to
7
pay
the
total
amount
due,
which
is
a
lien
on
any
parcel,
for
the
8
smallest
percentage
of
the
parcel
is
the
purchaser,
and
when
9
the
purchaser
designates
the
percentage
of
any
parcel
for
which
10
the
purchaser
will
pay
the
total
amount
due,
the
percentage
11
thus
designated
shall
give
the
individual
resident
or
domestic
12
business
entity
an
undivided
interest
upon
the
issuance
of
a
13
treasurer’s
deed,
as
provided
in
chapter
448
.
If
two
or
more
14
eligible
bidders
under
this
paragraph
have
placed
an
equal
bid
15
and
the
bids
are
the
smallest
percentage
offered,
the
county
16
treasurer
shall
use
a
random
selection
process
to
select
the
17
bidder
to
whom
a
certificate
of
purchase
will
be
issued.
The
18
percentage
that
may
be
designated
by
any
purchaser
under
this
19
paragraph
shall
not
be
less
than
one
percent.
If
a
parcel
is
20
not
sold
under
this
paragraph,
the
county
treasurer
shall
offer
21
the
parcel
for
sale
under
paragraph
“b”
.
22
b.
The
county
treasurer
shall
offer
for
sale
to
all
persons
23
registered
to
bid
under
this
section
each
parcel
that
is
not
24
sold
under
paragraph
“a”
.
The
person
who
offers
to
pay
the
25
total
amount
due,
which
is
a
lien
on
any
parcel,
for
the
26
smallest
percentage
of
the
parcel
is
the
purchaser,
and
when
27
the
purchaser
designates
the
percentage
of
any
parcel
for
which
28
the
purchaser
will
pay
the
total
amount
due,
the
percentage
29
thus
designated
shall
give
the
person
an
undivided
interest
30
upon
the
issuance
of
a
treasurer’s
deed,
as
provided
in
chapter
31
448
.
If
two
or
more
persons
have
placed
an
equal
bid
and
the
32
bids
are
the
smallest
percentage
offered,
the
county
treasurer
33
shall
use
a
random
selection
process
to
select
the
bidder
to
34
whom
a
certificate
of
purchase
will
be
issued.
The
percentage
35
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369
that
may
be
designated
by
any
purchaser
under
this
subsection
1
paragraph
shall
not
be
less
than
one
percent.
2
4.
Only
those
persons
as
defined
in
section
4.1
are
3
authorized
to
register
to
bid
or
to
bid
at
the
tax
sale
or
4
to
own
a
tax
sale
certificate
by
purchase,
assignment,
or
5
otherwise.
To
be
authorized
to
register
to
bid
or
to
bid
at
6
a
tax
sale
or
to
own
a
tax
sale
certificate,
a
person,
other
7
than
an
individual,
must
have
a
federal
tax
identification
8
number
and
either
a
designation
of
agent
for
service
of
process
9
on
file
with
the
secretary
of
state
or
a
verified
statement
10
meeting
the
requirements
of
chapter
547
on
file
with
the
county
11
recorder
of
the
county
in
which
the
person
wishes
to
register
12
to
bid
or
to
bid
at
tax
sale
or
of
the
county
where
the
property
13
that
is
the
subject
of
the
tax
sale
certificate
is
located.
14
Each
person
authorized
to
register
to
bid
under
this
section
15
shall
only
be
allowed
to
register
once
for
each
tax
sale
and
an
16
individual
shall
not
be
allowed
to
register
to
bid
on
behalf
of
17
more
than
one
person
during
a
tax
sale.
18
Sec.
2.
APPLICABILITY.
This
Act
applies
to
tax
sales
19
occurring
on
or
after
July
1,
2013.
20
EXPLANATION
21
This
bill
amends
Code
chapter
446
relating
to
tax
sales.
The
22
bill
requires
the
county
treasurer
to
first
offer
each
parcel
23
for
sale
only
to
those
registered
bidders
who
are
individual
24
residents
or
domestic
business
entities
as
defined
in
the
bill.
25
The
bill
provides
that
if
a
parcel
is
not
sold
when
offered
for
26
sale
only
to
registered
bidders
who
are
individual
residents
or
27
domestic
business
entities,
the
parcel
is
then
offered
for
sale
28
to
all
registered
bidders.
29
The
bill
provides
that
each
person
authorized
to
register
to
30
bid
under
Code
section
446.16
shall
only
be
allowed
to
register
31
once
for
each
tax
sale
and
an
individual
shall
not
be
allowed
32
to
register
to
bid
on
behalf
of
more
than
one
person
during
a
33
tax
sale.
34
The
bill
applies
to
tax
sales
occurring
on
or
after
July
1,
35
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