S.F. _____ Section 1. Section 446.16, subsection 1, Code 2023, is 1 amended to read as follows: 2 1. The person who offers to pay the total amount due, which 3 is a lien on any parcel, for the smallest percentage of the 4 parcel is the purchaser, and when the purchaser designates the 5 percentage of any parcel for which the purchaser will pay the 6 total amount due, the percentage thus designated shall give the 7 person an undivided interest upon the issuance of a treasurer’s 8 deed, as provided in chapter 448 . If two or more persons have 9 placed an equal bid and the bids are the smallest percentage 10 offered, the county treasurer shall use a random selection 11 process to select the bidder to whom a certificate of purchase 12 will be issued. The percentage that may be designated by any 13 purchaser under this subsection shall not be less than one 14 fifty-one percent. 15 Sec. 2. APPLICABILITY. This Act applies July 1, 2023, for 16 tax sales held on or after that date. 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 At the annual tax sale held by the county treasurer under 21 Code chapter 446, parcels on which taxes are delinquent are 22 offered at public sale, unless the parcel is subject to a 23 pending action. The person who offers to pay the total amount 24 due for the smallest percentage of the parcel is the purchaser. 25 If two or more persons have placed an equal bid and the bids 26 are the smallest percentage offered, the county treasurer shall 27 use a random selection process to select the bidder to whom a 28 certificate of purchase will be issued. The percentage that 29 may be designated by any purchaser under current law shall not 30 be less than 1 percent. This bill changes that percentage to 31 51 percent. 32 The bill applies to tax sales held on or after July 1, 2023. 33 -1- LSB 1634XC (2) 90 md/jh 1/ 1