SB 26-44

Senate Bill 26-44, which has been signed into law, allows county commissioners to cancel taxes on severed mineral accounts if those taxes are delinquent for more than five years. The bill also sets rules for when a county can transfer the tax lien of these accounts to someone else after five years have passed without payment. This affects counties and individuals or companies that own mineral rights or the surface land where minerals are located. Since it has been signed, this law is now in effect and counties must follow its guidelines regarding delinquent taxes on severed mineral interests.

Official Summary

The bill authorizes a board of county commissioners to cancel any taxes that have been levied on a severed mineral account 5 years after the date the taxes become delinquent. The bill establishes certain requirements for when a county may convey a tax lien on a severed mineral account to a grantee or surface owner of record after a period of 5 years.(Note: This summary applies to this bill as introduced.)

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