Louisiana 2013 2013 Regular Session

Louisiana House Bill HB256 Comm Sub / Analysis

                    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)]
Patrick Williams	HB No. 256
Abstract: Provides an 18-month redemption period for property sold at tax sale which is
blighted, abandoned, uninhabitable, or hazardous.
Present constitution provides that property sold at a tax sale is redeemable for three years after
the sale by paying the price given, plus costs, a 5% penalty, and interest at 1% per month until
redemption.
Present constitution provides that in the city of New Orleans, abandoned or blighted property
shall be redeemable for 18 months after the date of recordation of the tax sale.
Proposed constitutional amendment deletes present constitution specific to the city of New
Orleans, and instead provides that statewide, property which is blighted, abandoned,
uninhabitable, or hazardous shall be redeemable for 18 months after recordation of the tax sale
by payment as provided in present constitution.
Provides for submission of the proposed amendment to the voters at the statewide election to be
held Nov. 4, 2014.
Effective Jan. 1, 2015.
(Amends Const. Art. VII, ยง25(B)(2))
Summary of Amendments Adopted by House
Committee Amendments Proposed by 	House Committee on Ways and Means to the original
bill.
1. Changes the redemption period for property which is blighted, abandoned,
uninhabitable, or hazardous to 18 months.