Adjusts population tiers for calculating Payments in Lieu of Taxes (PILT) for small counties.

The Small County PILT Parity Act amends section 6903 of title 31, United States Code, to adjust the population tiers for calculating Payments in Lieu of Taxes (PILT) for small counties. It introduces additional population tiers, reducing the minimum population from 5,000 to 500. The bill modifies the rounding rules and updates the payment amounts based on the new population tiers. This change aims to provide more equitable PILT payments for smaller counties.

Adjusts population tiers for calculating Payments in Lieu of Taxes (PILT) for small counties.

The Small County PILT Parity Act amends section 6903 of title 31, United States Code, to adjust the population tiers for calculating Payments in Lieu of Taxes (PILT) for small counties. It introduces additional population tiers, reducing the minimum population from 5,000 to 500. The bill modifies the rounding rules and updates the payment amounts based on the new population tiers. This change aims to provide more equitable PILT payments for smaller counties.