Bill > H2669

This bill aims to ensure the integrity of municipal tax rates by preventing the Department of Revenue (DOR) from certifying a town or city's tax rate if its budget relies on collecting taxes that have been outstanding for five years or more, and it also mandates that any uncollected tax liability cannot be counted as an asset if a payment plan hasn't been established within two years of the tax becoming delinquent. Furthermore, the DOR will require municipalities to demonstrate progress in collecting these outstanding taxes annually once a payment plan is in place and will establish a method to assess this progress before allowing such uncollected taxes to be listed as an asset. To assist struggling municipalities, the DOR will create an Emergency Response Team (ERT) to review spending and offer help with financial management to those on the DOR's Watch List.