2010 House Bill 5846

Let foreclosing banks claim homestead tax exemption

Introduced in the House

Feb. 18, 2010

Introduced by Rep. Jim Stamas (R-98)

To grant a homestead property tax exemption for up to three years to a bank or other financial institution that has foreclosed and taken possession of a home because the borrower failed to make payments on the mortgage loan.

Referred to the Committee on Tax Policy