Increases state aid to towns and cities for exempt private and state properties.

This bill amends the state aid provisions to increase the amount of aid distributed to towns and cities for certain private and state properties exempt from property tax. The aid is applicable to private nonprofit institutions of higher education, the Pokanoket Management Group, nonprofit hospital facilities, and state-owned facilities like hospitals, veterans’ residential facilities, and correctional facilities. The aid is pro rata and based on the amount of local real property tax that would have been collected if the properties were taxable.

Increases state aid to towns and cities for exempt private and state properties.

This bill amends the state aid provisions to increase the amount of aid distributed to towns and cities for certain private and state properties exempt from property tax. The aid is applicable to private nonprofit institutions of higher education, the Pokanoket Management Group, nonprofit hospital facilities, and state-owned facilities like hospitals, veterans’ residential facilities, and correctional facilities. The aid is pro rata and based on the amount of local real property tax that would have been collected if the properties were taxable.