New life possible for Smith bill creating low aggregate fee for tax liens
Senator Steve Smith
By Raquel Hendrickson | inMaricopa
It’s not over ‘til it’s over for Senate Bill 1071. Though defeated last week in the Arizona House of Representatives, it could be reintroduced Wednesday.
The bill would change state law to limit the charges on certificates of purchase for multiple tax liens. Currently, county treasurers charge $50 per parcel. In the case of tax liens bought together, SB 1071 would limit that entire charge to $500 for 10 or more parcels.
At the center of the change, which has bipartisan support, are investor Wayne Howard and his Sonoran Land Fund LLC.
If SB 1071 succeeds, “it means this gentleman gets a huge discount,” Pinal County Treasurer Dolores “Dodie” Doolittle said.
Related: Bill to reduce investor’s fee rejected for 2nd time
