HLS 10RS-1512 ENGROSSED
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
Regular Session, 2010
HOUSE BILL NO. 850
BY REPRESENTATIVE ROY
TAX/PROPERTY: Authorizes the collection of refundable deposits from tax sale
participants prior to the commencement of the tax sale
AN ACT1
To enact R.S. 47:2153(B)(7), relative to ad valorem tax; to authorize the collection of a2
refundable deposit from certain participants at a tax sale; to provide for use of3
deposits; to provide for refunds; and to provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 47:2153(B)(7) is hereby enacted to read as follows: 6
ยง2153. Notice of delinquency and tax sale7
* * *8
B.9
* * *10
(7) Except as otherwise provided in this Subpart, the tax sale shall be11
conducted in the manner provided by law for judicial sales. The tax collector may12
require all registered tax sale participants to provide a deposit equal to ten percent13
of the required minimum bid prior to the commencement of the tax sale which shall14
be applied toward purchases. A deposit shall be refundable if not fully expended15
during the tax sale.16
* * *17 HLS 10RS-1512 ENGROSSED
HB NO. 850
Page 2 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
Roy HB No. 850
Abstract: Authorizes the collection of a refundable deposit from tax sale participants.
Proposed law authorizes a tax collector to require all registered tax sale participants to
provide a deposit equal to 10% of the required minimum bid prior to the commencement of
the tax sale. Such deposit would be applied toward purchases and would be refundable if
it were not fully expended during the tax sale.
(Adds R.S. 47:2153(B)(7))
Summary of Amendments Adopted by House
Committee Amendments Proposed by House Committee on Ways and Means to the
original bill.
1. Added requirement that if a deposit is required by the tax collector, it shall be
required of all registered tax sale participants.
2. Changed the amount of the deposit from "reasonable" to "10% of the required
minimum bid".