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MARQUETTE, MI – (Great Lakes Radio News) – Legislation to increase payments in lieu of taxes to local governments for state-owned land within their boundaries has been signed into law by Governor Rick Snyder.
The legislation, sponsored in part by State Senator Tom Casperson, addresses repetitive problems with PILT payments not being paid on time or in full.
When the state purchases land, that land is removed from the local property tax rolls. To make up for the loss of this property tax revenue, the state is supposed to pay PILT or swamp taxes to the affected local units of government and school districts.
The measures increase PILT payments for purchased lands by ensuring payments are based on current taxable values and millage rates and raises the payment rates on tax-reverted land from $2 per acre to $4 per acre. This is the first increase since 1986 and represents a raise due to inflation increase since then.
The laws also require the state to make it’s payments by February 14 and inserts a penalty on the state for not making payments on time.
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