summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
For legislation to reform payments in lieu of taxes for state-owned land. Revenue.
AI Summary
This bill reforms the payments in lieu of taxes (PILT) for state-owned land. It amends the existing law by striking out the term "reimbursement percentage" and modifying the formula used to determine the amount that the state treasurer must reimburse each town where the state owns land. The new formula is based on the average of the annual tax rates for the three preceding years, and the amount paid to each town cannot be less than the prior year's payment, except for the value of any land removed from the program.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Accompanied H2714 (on 03/21/2024)
Official Document
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/H2697 |
| BillText | https://malegislature.gov/Bills/193/H2697.pdf |
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