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HB20-1421

Delinquent Interest Payments Property Tax

Concerning delinquent interest payments for property tax payments.
Session:
2020 Regular Session
Subjects:
Fiscal Policy & Taxes
Local Government
Bill Summary

The act allows, upon approval of the county treasurer, a board of county commissioners or a city council of a city and county to temporarily reduce, waive, or suspend delinquent interest payments for property tax payments.

The act also requires a board of county commissioners or city council to notify local taxing jurisdictions of the intent to reduce, waive, or suspend delinquent property tax interest payments. If a local taxing jurisdiction would be unable to meet its bond payment obligations after the proposed reduction, waiver, or suspension, the local taxing jurisdiction shall notify the board of county commissioners or city council.

Finally, the act requires a treasurer to advance property tax payments to local taxing jurisdictions to assist the local taxing jurisdictions in the payment of bonded indebtedness payments and monthly operation costs, if the local taxing jurisdiction submits a letter to the board of county commissioners of the county or the city council of the city and county that contains the local taxing jurisdiction.


(Note: This summary applies to this bill as enacted.)

Status

Introduced
Passed
Became Law

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Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    06/14/2020 Signed Act PDF
    06/13/2020 Final Act PDF
    06/12/2020 Rerevised PDF
    06/11/2020 Revised PDF
    06/11/2020 Reengrossed PDF
    06/10/2020 Engrossed PDF
    06/08/2020 Introduced PDF
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