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Budget Recommendations
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Outside Section 73
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Payment in Lieu of Taxes
SECTION 73.
Chapter 58 of the General Laws is hereby amended by inserting the following new section:-
Section 13A. In 2004 and every fourth year thereafter, the secretary of administration and finance, with advice from the commissioner of revenue, shall determine the value of all land with improvements thereon owned by the commonwealth in every city and town, with the exception of land used for roads, any community or state college, state university, state hospital or medical facility. Subject to appropriation, the treasurer of the commonwealth shall annually make a payment in lieu of taxes to each city and town for such land and improvements, calculated by multiplying the value thereof in each city or town, as most recently determined by the secretary, by the commercial tax rate of the city or town for the preceding fiscal year.
To assist in making such determination the secretary may require oral or written information from any officer or agent of the commonwealth or of any county or town therein and from any other inhabitant thereof, and may require such information to be on oath. Such officers, agents and persons, so far as able, shall furnish the secretary with the required information in such form as he may indicate, within 15 days after being so requested by him.
The secretary may issue guidelines or regulations governing the determination of values, the eligibility of parcels for payments, and other matters relating to payments under this section. The secretary's determinations as to value and eligibility hereunder, shall be final.
Notwithstanding the foregoing, payments made pursuant to this section shall not exceed $200,000,000.
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