| TO: | Honorable Burt R. Solomons, Chair, House Committee on Financial Institutions |
| FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
| IN RE: | HB2220 by Paxton (Relating to the sale of ad valorem tax liens and contracts for foreclosure of ad valorem tax liens.), As Introduced |
The bill would amend Sections 32.06 and 32.065 of the Tax Code, concerning the sale of property tax liens and contracts for foreclosure of those liens.
Passage of the bill would affect only private property rights of subsequent holders of property tax liens and owners of property previous and subsequent to a property tax foreclosure sale. Therefore, no fiscal implication to the State or units of local government is anticipated.
| Source Agencies: | 304 Comptroller of Public Accounts
|
| LBB Staff: | JOB, JRO, WP, DLBe
|