Modifies provisions relating to the collection of delinquent property taxes

This bill modifies the laws governing how Missouri counties collect unpaid property taxes. It allows counties to choose between standard tax collection methods and a new system that involves land banks for properties delinquent for at least two years. Under the new provisions, counties can remove certain delinquent properties from public auction lists to facilitate their transfer to land banks, which are organizations designed to rehabilitate and reuse vacant land. The legislation also updates rules regarding who can bid on tax sales, specifically restricting nonresidents and adding eligibility requirements for residents of specific city sizes to prevent code violations.