S.F. 2108 Section 1. Section 446.16, subsection 2, Code 2016, is 1 amended to read as follows: 2 2. The treasurer may establish and collect a reasonable 3 registration fee from each registered bidder at the tax sale. 4 However, the registration fee assessed against a registered 5 bidder who is an individual resident of this state or that 6 is a domestic business entity as defined in section 501A.102 7 shall not exceed fifty percent of the highest registration fee 8 assessed against other registered bidders at the tax sale. The 9 fee shall not be assessed against a county or municipality. 10 The total of the fees collected shall not exceed the total 11 costs of the tax sale. Registration fees collected shall be 12 deposited in the general fund of the county. 13 Sec. 2. EFFECTIVE UPON ENACTMENT. This Act, being deemed of 14 immediate importance, takes effect upon enactment. 15 Sec. 3. APPLICABILITY. This Act applies to tax sales 16 occurring on or after July 1, 2016. 17 EXPLANATION 18 The inclusion of this explanation does not constitute agreement with 19 the explanation’s substance by the members of the general assembly. 20 Code section 446.16, subsection 2, authorizes the county 21 treasurer to establish and collect a reasonable registration 22 fee from each registered bidder at a tax sale, excluding the 23 county or a municipality. This bill requires the registration 24 fee assessed against a registered bidder that is an individual 25 resident of this state or that is a domestic business entity as 26 defined in Code section 501A.102 not exceed 50 percent of the 27 registration fee amount assessed against all other registered 28 bidders at the tax sale. 29 The bill takes effect upon enactment and applies to tax sales 30 occurring on or after July 1, 2016. 31 -1- LSB 5354XS (2) 86 md/sc 1/ 1