A few U.S. states are moving toward centralized, electronic state tax lien filing systems, which could have a significant impact on due diligence search processes.
But will the changes stick?
Recently, two states implemented state tax lien law changes but are either rolling back—or considering rolling back—those revisions:
- Georgia enacted changes to state tax lien law on January 1st, 2018 but rolled back several provisions, effective February 20th, 2018.
- Illinois implemented changes effective January 1st 2018, legislature currently considering roll backs as of June 2018.
Other states that have considered changes include:
- South Carolina
Are you a due diligence professional? Where do you see state tax lien laws heading in the near future?