Bill > H2559

This bill establishes a commission to study the valuation and distribution of Payments in Lieu of Taxes (PILOT) to cities and towns for State Owned Land (SOL). The commission will examine the current methods used to determine valuations for SOL parcels, the formula used to distribute the reimbursements, evaluate the effectiveness and equity of the formula, and make recommendations to establish a new formula that considers the current needs of municipalities. The commission will review aspects of PILOT reimbursement financing, including changes in SOL acreage, the extent to which the formula reflects municipal needs and equitable distribution, and alternative formulas that may create a more equitable distribution. The commission will be composed of various state officials and representatives from organizations such as the Massachusetts Municipal Association and the Massachusetts Taxpayers Foundation, and must report its findings and recommendations, including any new or revised PILOT reimbursement formulas, to the state legislature by January 1, 2019.

Budget and Finance

https://malegislature.gov/Bills/191/H2559