Increases state aid to towns and cities for property tax exemptions on certain private and state properties.

This bill increases the amount of state aid distributed to towns and cities in lieu of property tax on certain private and state properties exempt from taxation. The aid is based on 30% of the property taxes that would have been collected if the properties were taxable. The bill specifies that essential services like police, fire, and rescue must be maintained. The aid is subject to adjustments and is included in the state budget.

Increases state aid to towns and cities for property tax exemptions on certain private and state properties.

This bill increases the amount of state aid distributed to towns and cities in lieu of property tax on certain private and state properties exempt from taxation. The aid is based on 30% of the property taxes that would have been collected if the properties were taxable. The bill specifies that essential services like police, fire, and rescue must be maintained. The aid is subject to adjustments and is included in the state budget.