Bill > S1769

This bill reforms the payments in lieu of taxes (PILOT) for state-owned land in Massachusetts. It removes the definition of "Reimbursement percentage" from the state's General Laws and eliminates references to reimbursement percentages in related sections. The bill then amends the law to require the state treasurer to annually reimburse cities and towns where state-owned land is located, with the reimbursement amount calculated based on the average of the annual tax rates for the previous three years, with the reimbursement amount not being less than the prior year's payment, except for any land removed from the valuation.

Budget and Finance

https://malegislature.gov/Bills/193/S1769