SB 23-042

Senate Bill 23-042 changes Colorado law regarding who can buy tax liens and properties from a tax lien sale. Originally, the law said that no county employee could purchase these items. Now, it only restricts employees who are directly involved in preparing, conducting, or executing the sales process from making such purchases. The bill has been signed into law, meaning the new rules are now in effect for county employees handling tax lien sales.

Official Summary

Current law prohibits a county employee from purchasing a tax lien or property for which a tax lien is sold. The bill narrows the prohibition to apply to a county employee only if the employee participates in the tax lien sales process by preparing, conducting, or executing a sale of lands and town lots. (Note: This summary applies to this bill as introduced.)