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Bill > H2714


MA H2714

MA H2714
To reform payments in lieu of taxes for state-owned land


summary

Introduced
02/16/2023
In Committee
03/21/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

193rd General Court

Bill Summary

Relative to payments in lieu of taxes for state-owned land. Revenue.

AI Summary

This bill proposes to reform the payments in lieu of taxes (PILOT) for state-owned land. The key provisions include: 1. Removing the definition of "Reimbursement percentage" from Section 13 of Chapter 58 of the General Laws. 2. Striking out the references to "reimbursement percentages" in Section 15 of Chapter 58. 3. Removing the references to "reimbursement percentage" in Section 16 of Chapter 58. 4. Amending Section 17 of Chapter 58 to change the way the state treasurer reimburses cities and towns for state-owned land. The new method would be based on a rate equal to the average of the annual rates for the 3 years preceding the current year, rather than using a reimbursement percentage.

Committee Categories

Budget and Finance

Sponsors (9)

Last Action

No further action taken (on 12/31/2024)

bill text


bill summary

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bill summary

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bill summary

Document Type Source Location
State Bill Page https://malegislature.gov/Bills/193/H2714
BillText https://malegislature.gov/Bills/193/H2714.pdf
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