Revises Energy Tax Receipts Property Tax Relief Aid program; requires all energy taxes to be paid directly to municipalities.

This bill revises the Energy Tax Receipts Property Tax Relief Aid program by requiring all energy taxes to be paid directly to municipalities. Under the bill, the ETR Aid program would be restructured to reflect the original design of the gross receipts and franchise taxes, wherein all energy taxes were paid directly to municipalities. Beginning in Fiscal Year 2022, and for each year thereafter, the bill requires the State Treasurer to determine the aggregate amount of ETR Aid provided statewide, determine the amounts provided to each municipality, and direct each energy taxpayer to make.

Revises Energy Tax Receipts Property Tax Relief Aid program; requires all energy taxes to be paid directly to municipalities.

This bill revises the Energy Tax Receipts Property Tax Relief Aid program by requiring all energy taxes to be paid directly to municipalities. Under the bill, the ETR Aid program would be restructured to reflect the original design of the gross receipts and franchise taxes, wherein all energy taxes were paid directly to municipalities. Beginning in Fiscal Year 2022, and for each year thereafter, the bill requires the State Treasurer to determine the aggregate amount of ETR Aid provided statewide, determine the amounts provided to each municipality, and direct each energy taxpayer to make.