Raised Bill No. 446 - Payments in Lieu of Taxes

• Amends Connecticut statutes effective July 1, 2024 to establish definitions for municipalities classified into three tiers based on equalized net grand list per capita: Tier one (less than $100,000), Tier two ($100,000-$200,000), and Tier three (greater than $200,000).

• Revises PILOT grant calculations for state, municipal, and tribal property held by the Mashantucket Pequot Tribal Nation and Mohegan Tribe of Indians of Connecticut, providing 100 percent of property taxes that would have been paid on tribal land only, excluding structures and improvements.

• Removes the previous date limitation (June 8, 1999) for Mashantucket Pequot trust land, allowing PILOT grants to apply to all such land taken into trust by the federal government regardless of acquisition date.

• Maintains existing PILOT payment schedules: municipalities and fire districts must receive grants on or before September 30 annually, with the Secretary of the Office of Policy and Management determining amounts by January 1 based on assessed values provided by April 1.

• Preserves PILOT grant percentages for other property types, including 77 percent for college and hospital property, 65 percent for Connecticut Valley Hospital and Whiting Forensic Hospital, and varying percentages for state-owned airports and other facilities.