05/07/2026 Committee recommended measure be held for further study
Summary
It directs the General Assembly to appropriate each year 27‑30 % of the property taxes that would have been due on exempt lands owned by private nonprofit colleges, nonprofit hospitals, the Pokanoket Tribe land trust, and large state‑run hospitals, veterans homes, or correctional facilities. The payments go to the municipalities where the property is located, with reductions if the state budget cannot cover the full amount. Municipalities must continue to provide public safety and other essential services to those properties.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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