A 4399
Requires municipalities comprised within regional school districts to share certain payments received in lieu of taxes with counties and regional school districts.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill requires municipalities within regional school districts to share certain payments received in lieu of taxes (PILTs) with counties and the regional school districts themselves. Specifically, it mandates that these municipalities remit a portion of the PILT revenue to the county and the regional school district, proportional to the distribution of property tax revenue within the district. The bill aims to redistribute these funds, ensuring a broader distribution of revenue generated from urban renewal projects.
Sponsors
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Primary sponsor
Jay Webber
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