MA H3032

Eliminates the "reimbursement percentage" from the PILOT formula for state-owned land, requiring the state treasurer to reimburse municipalities annually by November 20 based on the full assessed value of state-owned land using a 3-year average tax rate

Establishes a floor provision guaranteeing municipalities receive no less than the prior year's PILOT payment, except when land is removed from state ownership

Requires the Department of Revenue and Executive Office of Energy and Environmental Affairs to jointly develop legislative recommendations within one year to incorporate carbon storage, ecosystem services, and natural/working lands values into the PILOT formula

Directs agencies to consider additional reimbursements based on permanently protected open space, forest cover, drinking water supplies, cold-water fisheries, endangered species habitat, outdoor recreation, and ecological connectivity

Mandates a public hearing within 6 months with a 30-day comment period, and requires final recommendations be submitted to legislative committees and posted publicly