Tax Sale Bill Passes First Obstacle of Senate Government and Politics Committee

Tax Sale Bill Passes First Obstacle of Senate Government and Politics Committee

The proposal would prohibit someone who is behind on personal property taxes or who is the subject of a property tax judgment from bidding on or participating in a tax sale.

The prohibition would also apply to business entities, such as a limited liability company, either directly created by the individual, or where the individual is related to the entity – or as a member, employee, shareholder, agent, partner or lawyer.

Under the proposed bill, fraudulent bidders who knowingly provide false information during the tax sale process would be liable to a felony charge punishable by one year in prison and a fine of $ 5,000.

Over the years, the Lake County Auditors’ Tax Sales Department has worked diligently to prevent people from taking advantage of the system.

If approved, this statute will incorporate some of the local tax sale rules suggested by the Auditor and which the Lake County Council instituted by local ordinance here.

The state bill comes on the heels of Lake County commissioners who unanimously approved a rewrite of the county’s tax sale rules last summer. The aim is to prevent straw buyers, tax evaders and other unwanted bidders from …

Check Additional From Source

Copyright @ www.nwitimes.com

News Highlights Politics

  • Headline: Tax Sale Bill Passes First Obstacle of Senate Government and Politics Committee
  • Check all news and articles from the Politics news updates.
Disclaimer: If you need to update/edit/remove this news or article then please contact our support team Learn more

For Latest Updates Follow us on Google News

Read Next News
  • Show all
  • Trending
  • Most Viewed

Best Studio Headphones

The first thing to do when searching for the best studio headphones is to understand the different specifications of the different models. The ...

Satellite set for Mar 28 launch will help India keep an eye on borders near real-time

In this news, we discuss the Satellite set for Mar 28 launch will help India keep an eye on borders near real-time. ...

Show next
Bollyinside - US Local News & Breaking News Stories
Logo
Compare items
  • Total (0)
Compare
0
Shopping cart