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IN SB0522

Bill

Official Source

Status

Introduced

1/17/2017

Primary Sponsor

Erin Houchin

Click for details

Origin

Senate

2017 Regular Session

AI Summary

  • Applies only to counties where state forest or national forest lands exceed 10% of total county territory
  • Department of Natural Resources must make payments in lieu of taxes (PILOTS) on exempt state and national forest properties in qualifying counties
  • PILOTS cannot begin before 2019 or before the first property tax assessment date after property acquisition, whichever is later
  • County assessor determines PILOTS based on the assessed value the property would have without tax exemption status
  • County treasurer calculates and bills PILOTS; county auditor distributes collected payments to taxing units the same as property tax distributions
  • Effective July 1, 2017

Legislative Description

Payments in lieu of taxes. Provides that in those counties in which the aggregate territory in the county that is designated as state forest or national forest exceeds 10% of the territory in the county, the department of natural resources shall make payments in lieu of taxes on those properties designated as state forest or national forest.

Last Action

First reading: referred to Committee on Natural Resources

1/17/2017

Committee Referrals

Natural Resources1/17/2017

Full Bill Text

No bill text available