HB 86: Enact the Gus Frangos Act

The bill aims to make changes to the law relating to tax foreclosures and county land reutilization corporations. It introduces the "Gus Frangos Act" and amends various sections of the revised code. The key points include: The bill requires the county auditor to maintain a real property tax suspension list of tracts and lots certified as being charged with delinquent amounts most likely uncollectible. The list includes a description of the tract or lot and the name of the person under whom it is listed. The bill also sets forth a compensation plan for county auditors, where they will receive a percentage of the taxes collected and paid into the county treasury. The percentage is based on the amount of taxes collected, with higher amounts receiving a higher percentage. Additionally, the bill requires the county auditor to pay into the county treasury an amount to be determined by the aud…