If the managing entity does not discharge all taxes and tax- related costs due and owing prior to the delinquency date established by the municipality, the municipality may use the lien procedure described in Title 36, sections 942, 942-A and 943 to collect the delinquent taxes, as long as any notice called for by the lien procedure is sent to the managing entity or left at the managing entity's last and usual place of abode or sent to the managing entity by certified mail, return receipt requested, and the lien describes and applies to all property owned by the association of unit owners.

SUMMARY

This bill clarifies the responsibilities of the tax collector and treasurer when filing a lien to collect delinquent taxes on a time-share estate.

The bill also amends the current law to provide that any entity managing time-share estates that escrows taxes for the time-share owners is required to pay any deficiency between the escrowed amount and the aggregate taxes due from all the time-share estates. The managing entity must also place a lien on those estates for which the time-share owners did not contribute to the escrow account.