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A08621 Summary:

BILL NOA08621
 
SAME ASSAME AS S01260
 
SPONSORD'Urso
 
COSPNSRThiele, Solages, Ortiz, Dickens
 
MLTSPNSR
 
Add Art 3-A 370, RPT L
 
Relates to reductions of payments in lieu of taxes; provides that where such payment agreement is to be reduced due to a reassessment of the parcel of real property such agreement is related to, such reduction shall be phased in over 10 years if the reduction would negatively affect the revenues of a local government by more than 5%.
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