MA S1939

Eliminates the "reimbursement percentage" from the state's Payment in Lieu of Taxes (PILOT) formula for state-owned land, requiring full reimbursement to municipalities based on land valuation multiplied by the average tax rate of the preceding 3 years

Guarantees municipalities cannot receive less than the prior year's PILOT payment, except when state-owned land is removed from the valuation rolls

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 lands preservation into the PILOT formula

Directs agencies to consider additional reimbursements for municipalities based on protected open space, forest cover, drinking water supplies, endangered species habitat, and outdoor recreation value

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