Bill > H7249

This bill amends existing law to make facilities operated by the federal Department of Defense, such as Naval Station Newport, eligible for payments in lieu of taxes, which are funds provided by the state to municipalities to compensate for lost property tax revenue on exempt properties. Previously, these payments excluded federal government facilities, but this bill adds an exception, recognizing the significant municipal demands and economic benefits these facilities bring, including services like police, fire, public works, and libraries. The bill also specifies that it takes effect immediately upon passage.

Budget and Finance

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