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S00950 Summary:
| BILL NO | S00950 |
| SAME AS | SAME AS A06050 |
| SPONSOR | GAUGHRAN |
| COSPNSR | COMRIE |
| 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%. | |