Bill Title: Relates to reductions of payments in lieu of taxes; provides that where such payment agreement is to be reduced due to a reassessment of the parcel of real property such agreement is related to, such reduction shall be phased in over 10 years if the reduction would negatively affect the revenues of a local government by more than 5%.

Spectrum: Slight Partisan Bill (Democrat 8-3)

Status: (Introduced - Dead) 2012-03-16 - referred to real property taxation [A09577 Detail]

Text: Latest bill text (Introduced) [HTML]

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