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Bill

A 3550

Requires the state to pay real property taxes on the assessed value of the Moriah shock incarceration correctional facility

2025 Regular Session Introduced by Matt Simpson

Bill A 3550 requires the state to pay property taxes for the Moriah shock incarceration facility, relieving local municipalities of this financial burden.

REFERRED TO REAL PROPERTY TAXATION
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Bill Summary · A 3550

Summary of Bill A 3550

Bill Number: A 3550
Title: Requires the state to pay real property taxes on the assessed value of the Moriah shock incarceration correctional facility
Status: Referred to Real Property Taxation
Introduced: January 28, 2025
Classification: Bill

Purpose and Intent

Bill A 3550 aims to address the financial responsibilities associated with the Moriah shock incarceration correctional facility by mandating that the state pays the real property taxes based on the facility's assessed value. This legislation seeks to alleviate the financial burden on local municipalities that currently bear the cost of these taxes.

Key Provisions

  • State Responsibility: The bill stipulates that the state will assume responsibility for paying real property taxes on the Moriah shock incarceration correctional facility.
  • Assessed Value Basis: The payment will be calculated based on the assessed value of the facility, ensuring that the amount reflects the current valuation set by local tax authorities.

Affected Parties

  • Local Governments: Municipalities that currently collect property taxes from the facility will see a shift in financial responsibility, potentially improving their budgets by removing the tax burden associated with the correctional facility.
  • State Government: The state will incur costs associated with the payment of these taxes, which will need to be accounted for in future budgets.
  • Moriah Shock Incarceration Facility: The facility itself will benefit from the state’s assumption of tax payments, which may allow for more resources to be allocated to its operations.

Procedural Aspects

  • Legislative Process: The bill was introduced on January 28, 2025, and has been referred to the Real Property Taxation committee for further consideration.
  • Related Legislation: This bill is related to prior-session Bill A 7573 and has a companion bill, S 4440, which may provide additional context or support for its provisions.

Conclusion

Bill A 3550 represents a significant shift in the financial responsibilities associated with the Moriah shock incarceration correctional facility, aiming to relieve local municipalities of the burden of property taxes. As it progresses through the legislative process, stakeholders will need to consider the implications of state funding and the overall impact on local government finances.

Compiled from official sources — confirm details with the bill’s official record.

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