LD 118 LR 787(03)
An Act To Authorize Municipalities To Refund Amounts Collected in Excess of Tax Liens
Fiscal Note for Bill as Engrossed with:
C "A" (S-55)
Committee: Taxation
Fiscal Note
Potential current biennium revenue decrease - Unorganized Territory Educational and Services Fund
Fiscal Detail and Notes
This legislation provides that the State Tax Assessor may adopt a rule providing for the disbursement to the former owner of the excess of any funds from the sale of property in the unorganized territory acquired by the State for nonpayment of property taxes and could result in a loss of revenue to the Unorganized Territory Educational and Services Fund.