SB1293

THE CONTEXT: On or before February 15 each year, the county treasurer is required to submit a report to the Department of Revenue (DOR) and the Joint Legislative Budget Committee of all returns and payments received for the preceding calendar year regarding leases of government property improvements owned by the government lessor ( A. R.

WHAT THE BILL DID: The final vetoed version would limit GPLET abatement to the amount otherwise designated for counties, cities, towns and community college districts, for GPLET development agreements approved by a governing body beginning from and after the general effective date and prohibit the abatement of GPLET revenues designated for school districts.

WHY IT MATTERED: The practical reason for this bill was to set a clear legal boundary for gplet instead of leaving the conduct unaddressed. It would limit GPLET abatement to the amount otherwise designated for counties, cities, towns and community college districts, for GPLET development agreements approved by a governing body beginning from and after the general effective date, and would also prohibit the abatement of GPLET revenues designated for school districts, rather than leave the current rule unchanged.