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H.483

Introduced by  Representative Nease of Johnson

Referred to Committee on

Date:

Subject:  Taxation; property tax; boy scout and girl scout exemption; PILOT payments

Statement of purpose:  This bill proposes to require state PILOT payments to municipalities to reimburse for boy scout and girl scout property tax exemptions.

AN ACT RELATING TO PILOT FOR SCOUT PROPERTY TAX EXEMPTION

It is hereby enacted by the General Assembly of the State of Vermont:

Sec. 1.  32 V.S.A. chapter 123, subchapter 4B is added to read:

Subchapter 4B.  Exempt Property of Boy Scout and Girl Scout Organizations

§ 3709.  Payment in lieu of taxes for property held by boy

              scout or girl scout organization

By October 31 each year, the secretary of administration shall reimburse municipalities for municipal tax lost because of the exemption under subdivision 3802(2) of this title for real estate owned by a boy scout or girl scout organization, as determined by the secretary.  The secretary shall calculate for any affected municipality an amount equal to one percent of the listed value of the property, multiplied by the municipal tax rate of the municipality for the current property tax year calculated as if the exempt boy scout or girl scout property had been taxable, and shall pay that amount to the municipality.



Published by:

The Vermont General Assembly
115 State Street
Montpelier, Vermont


www.leg.state.vt.us