Introduced
by
To cap the assessed value of certain state owned land for purposes of determining the state’s payment in lieu of property taxes to local governments, require the Department of Natural Resources to prepare a periodic report using certain criteria for determining which lands owned by the state may be surplus, exempt state owned land from several local property taxes and from the state six-mill school tax, and create a “Payment in Lieu of Taxes Fund” to make future payments. Approximately $6 million now in the Environmental Protection Fund would be transferred to the new fund.
Referred to the Committee on Appropriations
