2015 House Bill 4984 ↩

Senate Roll Call 314: Passed

To establish that the “specific tax” levied on parcels owned by a government “land bank” authority instead of regular property taxes are subject to all the same rules that apply to delinquent property tax payments, including interest, penalties, foreclosures, etc. The difference between this tax and regular property tax is that the land bank gets to keep half the money (except the part that goes for schools).