Bill
S 1392
Overview: S 1392 requires the state to reimburse municipalities for loss of real property tax revenue resulting from the establishment of community residential facilities.Purpose a
Overview: S 1392 requires the state to reimburse municipalities for loss of real property tax revenue resulting from the establishment of community residential facilities.
Purpose and Intent: The bill aims to address the financial impact on municipalities when the state establishes community residential facilities, such as group homes or halfway houses, within their jurisdictions. These facilities are exempt from local property taxes, leading to a loss of tax revenue for the affected municipalities.
Key Provisions:
- Requires the state to reimburse municipalities for the full amount of real property tax revenue lost due to the establishment of community residential facilities
- Establishes a process for municipalities to apply for and receive reimbursement from the state
- Specifies that reimbursement must be provided annually for as long as the community residential facility remains in operation
Affected Parties and Impacts:
- Municipalities will be able to recoup lost tax revenue, mitigating the financial burden of hosting community residential facilities
- The state will be responsible for providing reimbursement payments to affected municipalities
Procedural and Timeline Considerations:
The bill has been referred to the Mental Health committee for further consideration. If passed, the reimbursement program would take effect immediately and continue on an annual basis.
Compiled from official sources — confirm details with the bill’s official record.
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