In CommitteeFiled Feb 6, 2026
Sponsor: Brad Stephens
Latest Action
Rule 19(a) / Re-referred to Rules Committee
Mar 27, 2026
Summary
The bill creates a separate fund for interest penalties collected on overdue property taxes and tells county collectors to deposit all such payments there. Within 30 days the money must be divided between the county that collected it and any other proper authorities or persons that have a proportional claim. This ensures transparent handling and distribution of interest penalty revenue.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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