Rep. W. COX proposes the following Amendment No. to H. 5036 (COUNCIL\DG\5036C003.NBD.DG22):

Reference is to Printer's Date 3/9/22-H.

Amend the bill, as and if amended, SECTION 1, by striking Section 6-9-10( )(1) and inserting:

/ "( )(1)(a) Any action taken by a county pursuant to Sections 108, 109 or 110 of the International Property Maintenance Code on commercial or industrial property may be collected in a manner similar to property taxes. The county may enforce the lien in any manner provided by law, including utilizing Chapters 51 and 56, Title 12. However, the lien is due in five equal installments over five property tax years beginning with the property tax year in which the lien is effective.

(b) If the property is sold by the owner prior to all five installments becoming due, the entire balance of the lien is due and payable as property taxes at the time of sale or disposition of the property.

(c) If the property is sold or disposed of for the real property taxes owed, subject to the provisions of Chapter 51, Title 12, prior to all five installments becoming due, the lien and any outstanding real property tax owed must be collected in the same manner as property taxes at the time of sale or disposition under Chapter 51, Title 12. /