Senate
File
28
-
Introduced
SENATE
FILE
28
BY
McCLINTOCK
A
BILL
FOR
An
Act
relating
to
cities
or
counties
canceling
the
sale
1
of
property
containing
abandoned
buildings
to
a
tax
sale
2
certificate
holder.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
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Section
1.
Section
448.13,
Code
2025,
is
amended
to
read
as
1
follows:
2
448.13
Cancellation
of
tax
sale
and
certificate
of
purchase
3
——
refund
of
purchase
money.
4
If
the
county
treasurer
receives
a
verified
statement
from
a
5
city
or
county
stating
that
a
parcel
sold
at
tax
sale
contains
6
a
building
that
is
abandoned,
as
those
terms
are
defined
in
7
section
657A.1
,
prior
to
redemption
of
the
parcel
under
chapter
8
447
or
the
issuance
of
a
tax
deed
for
the
parcel,
and
the
9
verified
statement
is
accompanied
by
a
petition
filed
by
the
10
city
or
county
under
section
657A.10B
for
title
to
the
parcel,
11
the
county
treasurer
shall
make
an
entry
in
the
county
system
12
canceling
the
sale
of
the
parcel
and
shall
refund
the
purchase
13
money
to
the
tax
sale
certificate
holder
as
provided
under
14
section
657.10B
.
15
Sec.
2.
Section
657A.10B,
subsection
7,
Code
2025,
is
16
amended
to
read
as
follows:
17
7.
If
a
city
or
county
files
a
petition
under
subsection
2
,
18
naming
the
holder
of
a
tax
sale
certificate
of
purchase
for
the
19
property
as
a
respondent,
the
city
or
county
shall
also
file
20
the
petition,
along
with
a
verified
statement
declaring
that
21
the
property
identified
in
the
petition
contains
an
abandoned
22
building,
with
the
county
treasurer.
Upon
receiving
the
23
petition
and
verified
statement,
the
county
treasurer
shall
24
make
an
entry
in
the
county
system
canceling
the
sale
of
the
25
property
and
shall
refund
the
purchase
money
to
the
tax
sale
26
certificate
holder
,
including
interest
of
two
percent
per
27
month,
counting
each
fraction
of
a
month
as
an
entire
month,
28
on
the
sum
of
the
purchase
money
and
any
amounts
added
to
29
the
amount
due
under
section
447.1,
calculated
from
the
date
30
of
purchase
of
the
property
by
the
holder
until
the
date
the
31
purchase
money,
any
added
amounts,
and
the
interest
calculated
32
pursuant
to
this
subsection
are
refunded
.
33
EXPLANATION
34
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
35
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28
the
explanation’s
substance
by
the
members
of
the
general
assembly.
1
This
bill
relates
to
cities
or
counties
canceling
the
sale
2
of
property
containing
abandoned
buildings
to
a
tax
sale
3
certificate
holder.
4
Currently,
if
a
city
or
county
files
a
petition
against
5
the
holder
of
a
tax
sale
certificate,
and
the
tax
certificate
6
holder’s
property
is
verified
to
contain
an
abandoned
building,
7
the
county
treasurer
is
required
to
cancel
the
sale
of
the
8
property
and
is
required
to
refund
the
purchase
money
to
the
9
tax
sale
certificate
holder.
If
the
sale
of
such
a
property
is
10
canceled,
the
bill
requires
the
city
or
county
to
refund
the
11
purchase
money
plus
interest
of
2
percent
per
month
on
the
sum
12
of
the
purchase
money
and
any
amounts
added
to
the
amount
due
13
under
Code
section
447.1.
14
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