Senate Study Bill 1173 SENATE FILE BY (PROPOSED COMMITTEE ON JUDICIARY BILL BY CHAIRPERSON KREIMAN) Passed Senate, Date Passed House, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act relating to bidders at a property tax sale and owners of 2 tax sale certificates and including effective and 3 applicability date provisions. 4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 5 TLSB 1163SC 83 6 sc/rj/14 PAG LIN 1 1 Section 1. Section 446.16, Code 2009, is amended by adding 1 2 the following new subsection: 1 3 NEW SUBSECTION. 4. Only those persons as defined in 1 4 section 4.1 are authorized to register to bid or to bid at the 1 5 tax sale or to own a tax sale certificate by purchase, 1 6 assignment, or otherwise. To be authorized to register to bid 1 7 or to bid at a tax sale or to own a tax sale certificate, a 1 8 person, other than an individual, must have a federal tax 1 9 identification number and either a designation of agent for 1 10 service of process on file with the secretary of state or a 1 11 verified statement meeting the requirements of chapter 547 on 1 12 file with the county recorder of the county in which the 1 13 person wishes to register to bid or to bid at tax sale or of 1 14 the county where the property that is the subject of the tax 1 15 sale certificate is located. 1 16 Sec. 2. EFFECTIVE AND APPLICABILITY DATES. This Act, 1 17 being deemed of immediate importance, takes effect upon 1 18 enactment and applies to tax sales held on or after June 1, 1 19 2009. 1 20 EXPLANATION 1 21 This bill provides that a bidder at a tax sale for 1 22 delinquent property taxes must meet the statutory definition 1 23 of "person". Code section 4.1, subsection 20, defines 1 24 "person" and includes the following: an individual, 1 25 corporation, limited liability company, business trust, 1 26 estate, trust, partnership or association, or any other legal 1 27 entity. The bill provides that, in order to register to bid 1 28 or to bid at a tax sale or to own a tax sale certificate, a 1 29 person, other than an individual, must have a federal tax 1 30 identification number and either have filed with the secretary 1 31 of state a designation of agent for service of process or have 1 32 filed with the appropriate county recorder a verified 1 33 statement of trade name of a business. 1 34 LSB 1163SC 83 1 35 sc/rj/14