Extends the provisions of accepting payment in lieu of taxes for property acquired for parks or recreational purposes.
This bill amends the county law relating to payment in lieu of taxes for property acquired for park or recreational purposes. It extends the provisions of accepting payment in lieu of taxes for such property, ensuring that the mechanism remains in effect until June 30, 2030. This change aims to support the maintenance and development of parks and recreational areas by providing a stable financial alternative to traditional property taxes.
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