Massachusetts H4 amends tax reimbursement rates for state-owned land.
Massachusetts H4 revises the method for calculating payments in lieu of taxes for state-owned land. It removes the "reimbursement percentage" and replaces it with a new formula based on the average of the annual tax rates for the three preceding years. This change ensures that the reimbursement amount is determined by the average tax rates applied to the commonwealth's property, affecting towns where the state owns land.
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