SB 191 — TAX/AD VALOREM: Provides relative to the assessment, payment, and allocation of ad valorem taxes. (gov sig) (EN SEE FISC NOTE LF EX See Note)

SLS 26RS-375 REENGROSSED Regular Session ENROLLED SENATE BILL NO.

191 BY SENATOR MILLER TAX/ADAN VALOREM.ACT To amend and reenact R.S.

Provides47:2153(C)(1)(a), relative2201(B), to2207(A) theand assessment,(E), payment, and allocation2266.1(A)(1) ofand adto valoremrepeal taxes.R.S.

(gov sig) AN ACT To amend and reenact R.S.

47:2201(B), 2207(A) and (E), and 2266.1(A)(1) and to repeal R.S.

411 of the 2025 RegularSessionoftheLegislatureofLouisiana,relativetotheassessment,payment,Regular Session of the Legislature of Louisiana, relative to the assessment, payment, and allocation of ad valorem taxes;

to provide for advertisements for tax lien auctions;

Section1.R.S.47:2201(B),2207(A)and(E),and2266.1(A)(1)areherebyamendedSection and1. reenacted to read as follows:

§2201.R.S.

47:2153(C)(1)(a), 2201(B), 2207(A) and (E), and 2266.1(A)(1) are hereby amended and reenacted to read as follows:

§2153.

Notice of delinquency;

tax lien holder;

tax lien auction * * * C.(1)(a) At the expiration of twenty days' notice, counting from the day when the last of the written notices are sent, or as soon thereafter as practicable, the tax collectorshall proceedtopublishanoticeofthedelinquencyandtoadvertisefor auction the consolidated delinquent tax list underoneformtwotimeswithin thirty days in the official journal of the political subdivision.

The publication and advertisement shall be sufficient if it is in the following form:

"DELINQUENT TAX AND STATUTORY IMPOSITION LIST ______________________________ vs.

Delinquent Tax Debtors (insert appropriate taxing bodies) Byvirtueoftheauthorityvestedinmebytheconstitution andthelawsofthe state of Louisiana, I will sell by public auction, at ____________________, beginning at __________ o'clock a.m.

on __________, the __________ day of Page 1 of 5 Coding:

Words which are struck through are deletions from existing law;

words in boldface type and underscored are additions.

SB NO.

191 ENROLLED __________, ____, and continuing on each succeeding legal day, until the auction is completed, the tax lien.

I will issue in favor of the winning bidder and record in the mortgage records a tax lien certificate to all immovable propertyon which taxes are now due to ___________________________, to enforce collection of taxes (insert affected taxing bodies) assessed in the year ____, together with interest thereon from January1, ____, at a rate not to exceedonepercent(1%)per month on a noncompounding basis until paid and all costs.

The names of the delinquent tax debtors, the amount of statutory impositions due, including any due for prior years, and the immovable propertyassessed to each for which a tax lien certificate will be issued are as follows:

(Insert names of delinquent tax debtors in alphabetical order, the amount of statutory impositions due, including any due for prior years on each specific piece of property, and the description of each specific piece of immovable property for which a tax lien certificate will be issued.) At the auction, Iwill sell the tax lien to the winning bidder.

The sale will be for cash or other payment method acceptable to the tax collector, in legal tender money of the United States.

Atanytime priorto theinstitution ofanactiontoenforcethetax lien,thetax lien may be extinguished bypaying the price paid at auction together with interest attherateestablishedatthetaxlienauctionwhichshallnotexceedonepercent(1%) per month on a noncompounding basis computed on the amount paid at auction by thetax liencertificatepurchaseruntilterminated,apenaltyattherateoffivepercent (5%), and costs reimbursable pursuant to R.S.

47:2156.

The termination payment shall also include the amount of any subsequent parish and municipal statutory impositions paid by the tax lien certificate holder, together with the applicable five percent (5%) penalty and any applicable interest computed on the statutory impositions at a rate of one percent (1%) per month on a noncompounding basis." * * * §2201.

sale of immovable property to enforce a tax lien held by a political subdivision * * * Page 12 of 5 Coding:

SLS 26RS-375 REENGROSSED SB NO.

191 ENROLLED lien held by a political subdivision * * * B.

(2) Immediatelyfollowing the public sale of immovable propertyto enforce a tax lien held by a political subdivision and, if applicable, upon the satisfaction of Page 23 of 5 Coding:

SLS 26RS-375 REENGROSSED SB NO.

191 ENROLLED a tax lien held by a political subdivision and, if applicable, upon the satisfaction of any terms or conditions imposed by the ordinance authorizing the public sale, the political subdivision shall execute in favor of the winning bidder an act of sale.

Except asotherwiseprovidedinas otherwiseprovidedin R.S.

47:2268(B),the47:2268(B),thesale sale shall operateto terminate all interests in the immovable property.

Otherwise, all sales and donations shall be without warranty, either expressed or implied, even as to return or reduction of the purchaseprice,includingwithoutlimitationthewarrantyagainstredhibitorydefects ororvicesandthewarrantythatthethingsold vices and thewarrantythatthethingsold is reasonablyfit foritsfor ordinarypurposeitsordinarypurpose or the transferee's intended or particular purpose.

These waivers or exclusions of warrantiesshallbeself-operativeregardlessofwhetherthewaiversorexclusionsare contained in the act of sale or donation, and regardless of whether theyaretheyareclearand clear and unambiguous, and regardless of whether they are brought to the attention of the transferee.

Procedure to recognize amounts due under tax lien certificate A.(1)Upon theexpirationofthelaterofeithertheexpirationtheexpirationof thelaterofeithertheexpiration of threethreeyears years from recordation of the tax lien certificate, or the tax sale certificate if R.S.