Establishes the Fairness in Property Tax Foreclosure Task Force to study and recommend solutions for property tax foreclosure issues.
The bill creates the Fairness in Property Tax Foreclosure Task Force, composed of members appointed by the President of the Senate, the Speaker of the House of Representatives, the Minority Leaders of the Senate and House, and the Governor. The Task Force will study issues related to property tax foreclosure, including constitutional requirements, the role of land banks and lienholders, and the sufficiency of redemption periods. The Task Force will submit a report to the General Assembly by December 30, 2026, and will be dissolved upon submission.
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