LD 1706 LR 2560(03)
Resolve, Authorizing the State Tax Assessor To Convey the Interest of the State in Certain Real Estate in the Unorganized Territory
Fiscal Note for Bill as Engrossed with:
C "A" (S-406)
Committee: Taxation
Fiscal Note
Current biennium revenue increase - Other Special Revenue Funds
Fiscal Detail and Notes
This resolve authorizes the State Tax Assessor to convey the interest of the State in several parcels of real estate in the Unorganized Territory (UT) acquired through the foreclosure of tax liens for nonpayment of property taxes.  The funds received as a result of these sales will accrue as dedicated revenue to the Unorganized Territory Education and Services Fund and will be available to reduce future tax assessments in the UT.  The amounts received from these sales will depend on sale prices and cannot be estimated at this time.