KNY LEG Property Tax Delinquencies

Published on: Mar 26, 2025

On Mar. 24, KNY LEG enacted bill on tax delinquency certificates sales.

  • KNY LEG enacted bill SB 129 related to property tax delinquencies diversion program.
  • Amended KNY LEG 99.727 and KNY LEG 134.128 on certificate of delinquency and tax diversion, KNY LEG 154.30-050 and KNY LEG 154.30-060 on redevelopment programs.
  • Bill Provisions
  • Required property in a tax delinquency diversion program to be vacant and abandoned for the certificate of delinquency to be sold, requires the county attorney to verify.
  • Allowed diverted tax delinquency purchasers to purchase certificates of delinquency linked to property in tax delinquency diversion program during program's 5 year period
  • Sets requirements for county attorney related to the sale of certificates of delinquency, set requirements for a third-party registering as a diverted tax delinquency purchaser.
  • Department of Revenue to promulgate regulations for purchase and sale of certificates.
  • Counties with certain development projects in zones traditionally reserved for single-family homes to be treated as zoning amendments, must meet procedural requirement
  • Prohibit some property owners from leasing accessory dwelling units or multi-family housing units in certain reserved zones unless the property owner resides on the lot.
  • Exempted from certain reports and certifications those projects that have a residential use that comprises at least 50% of the total finished square footage of the project.
  • Also prohibited collection of emergency response fee from landlord if response not due to landlord's failure to maintain building, authority to collect from responsible party.
  • Legislative History
  • On Feb. 11, 2025, bill was introduced in Senate; on Feb. 25, 2025, bill passed Senate.
  • On Feb. 26, 2025, bill was introduced in House; on Mar. 14, 2025, bill passed House.
  • On Mar. 24, 2025, bill was signed into law by the governor and assigned Chapter 56.
  • Effectiveness
  • Effective 90 days after official end of session, expected end Mar. 28; so Jun. 26, 2025.
Regulators
KNY LEG
Entity Types
Corp
Reference
Ch. 56, Bill SB129, 3/24/2025; Citation: *KNY LEG* 99.727, 134.128, 154.30-050, 154.30-060;
Functions
Compliance; Financial; Legal; Product Administration; Tax
Countries
United States of America
Category
State
N/A
Products
Corporate; Mortgage
Rule Type
Final
Regions
Am
Rule Date
Mar 24, 2025
Effective Date
Jun 26, 2025
Rule ID
248002
Linked to
N/A
Reg. Last Update
Mar 24, 2025
Report Section
US Consumer