All Roll Calls
Yes: 220 • No: 0
Sponsored By: Sam Rasoul (Democratic)
Became Law
Real estate with delinquent taxes or liens; appointment of special commissioner; increases required value. Increases from $75,000 to $125,000 the maximum assessment that an individual parcel of land may be valued at to be subject to a locality's appointment of a special commissioner to convey property with delinquent taxes or liens to the locality, to the locality's land bank entity, or to an existing nonprofit entity designated by the locality to carry out the functions of a land bank entity in lieu of sale at public auction. The bill contains technical amendments.
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3 provisions identified: 2 benefits, 1 costs, 0 mixed.
The law lets a court appoint a special commissioner to transfer tax‑delinquent property to the locality, its land bank, or a designated nonprofit instead of auction. This applies if the parcel has delinquent real estate taxes or a local lien for building or nuisance work, is assessed at $125,000 or less, and meets one of these tests: taxes plus liens (with penalties and interest) exceed 50% of value; taxes alone exceed 25%; or, for a derelict building, taxes plus liens exceed 25%. In localities with a state fiscal‑stress score of 100 or higher (July 2020 list), lower tests apply. Option A: taxes plus liens exceed 35% and taxes alone exceed 15% of value. Option B: taxes plus liens exceed 20% and taxes alone exceed 10%, the parcel is $150,000 or less, not an occupied home, and the locality agrees to sell it to a nonprofit to create a single‑family home for a buyer below the area median income.
A nonprofit that sells a transferred parcel may sell only the building while the land stays in a community land trust. The ground lease must be at least 90 years. The land trust must keep a first right to buy the home at a formula price so it stays affordable for families earning under 120% of the area median income.
After a parcel is transferred under this process, the former owner cannot be billed for any deficiency. If the locality, land bank, or nonprofit later sells the property, any extra sale money goes first to lien holders and then to the former owner or heirs, as state law requires. A land bank or nonprofit that receives a parcel must either sell it in an arm’s‑length deal (or within a reasonable time after development) or, if it will not sell, pay out the surplus that a sale would have produced to lien holders and the former owner.
Sam Rasoul
Democratic • House
There are no cosponsors for this bill.
All Roll Calls
Yes: 220 • No: 0
Senate vote • 2/27/2026
Passed Senate Block Vote
Yes: 37 • No: 0
Senate vote • 2/26/2026
Constitutional reading dispensed Block Vote (on 2nd reading)
Yes: 40 • No: 0
Senate vote • 2/26/2026
Passed by for the day Block Vote (Voice Vote)
Yes: 0 • No: 0
Senate vote • 2/25/2026
Reported from Finance and Appropriations
Yes: 14 • No: 0
House vote • 2/3/2026
Read third time and passed House
Yes: 97 • No: 0
House vote • 1/28/2026
Reported from Finance with amendment(s)
Yes: 22 • No: 0
House vote • 1/27/2026
Subcommittee recommends reporting with amendment(s)
Yes: 10 • No: 0
Acts of Assembly Chapter text (CHAP0151)
Approved by Governor-Chapter 151 (effective 7/1/2026)
Governor's Action Deadline 11:59 p.m., April 13, 2026
Enrolled Bill communicated to Governor on March 10, 2026
Fiscal Impact statement From TAX (3/6/2026 11:18 am)
Bill text as passed House and Senate (HB474ER)
Enrolled
Signed by President
Signed by Speaker
Passed Senate Block Vote (37-Y 0-N 0-A)
Read third time
Passed by for the day Block Vote (Voice Vote)
Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N 0-A)
Rules suspended
Reported from Finance and Appropriations (14-Y 0-N)
Fiscal Impact statement From TAX (2/17/2026 3:41 pm)
Referred to Committee on Finance and Appropriations
Constitutional reading dispensed (on 1st reading)
Read third time and passed House (97-Y 0-N 0-A)
Moved from Uncontested Calendar to Regular Calendar
Engrossed by House as amended
committee amendments agreed to
Read second time
Read first time
Reported from Finance with amendment(s) (22-Y 0-N)
Chaptered
4/6/2026
Enrolled
3/4/2026
Engrossed
2/2/2026
Amendment
1/29/2026
Amendment
1/28/2026
Introduced
1/12/2026
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