§ 5860.618. Repurchase by owner
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: August 30, 2021
Effective: August 30, 2021
72 P.S. § 5860.618
§ 5860.618. Repurchase by owner
(a.1) Notwithstanding subsection (a), if a property remains unsold after an upset sale and on the docket of a bureau, the bureau may accept full payment for the property from or on behalf of the owner. Full payment shall include all delinquent taxes returned to the bureau and any costs, penalties and interest due at the time the owner appears to pay the taxes. The bureau may not accept partial payments or enter into an installment agreement with an owner whose property remains unsold after an upset sale. The receipt of full payment pursuant to this subsection shall discharge the tax claims entered against the property. The subject property shall be removed from further exposure to sale, and a note thereof shall be made on the docket and index.
“Owner” means any individual, partner, shareholder, trust, partnership, limited partnership, corporation or any other business association or any trust, partnership, limited partnership, corporation or any other business association that has any individual as part of the business association who had any ownership interest or rights in the property.
Credits
1947, July 7, P.L. 1368, No. 542, § 618, added 1986, July 3, P.L. 351, No. 81, § 43, effective in 30 days. Amended 1998, June 18, P.L. 501, No. 69, § 2, effective in 60 days; 2018, June 19, P.L. 239, No. 38, § 2, effective in 60 days [Aug. 20, 2018]; 2021, June 30, P.L. 180, No. 33, § 2, effective in 60 days [Aug. 30, 2021].
72 P.S. § 5860.618, PA ST 72 P.S. § 5860.618
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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