Clarifying Purchaser Requirements for Tax Abandoned Land Auctions by the Auditor

HB 5526 clarifies rules for purchasing tax-abandoned land at public auctions held by West Virginia's State Auditor. It requires all bidders - individuals and businesses - to register in advance or submit a notarized affidavit confirming eligibility, with disqualifications for those with unpaid taxes, code violations, or prior auction defaults. The bill specifically allows 501(c)(3) nonprofit housing organizations to win auctions if their bid is no more than 5% below the highest non-profit bid, excluding for-profit entities or religious groups. It also mandates that businesses (foreign or domestic) must provide proof of valid registration to participate in these land sales.