RBC | Since 1977 the federal government has compensated local governments that contain non-taxable federal lands within their boundaries as a way to make up for lost property taxes on those acres under the Payments in Lieu of Taxes (PILT) program. Fifty-six local governments in Colorado will receive a total of[Read More…]
Tag: PILT
State to see increase in PILT
RBC I U.S. Rep. Scott Tipton (CO-03) announced that the state of Colorado will receive approximately $35.6 million through the federal Payments in Lieu of Taxes (PILT) program for fiscal year 2016, which is an approximate $2 million increase in funding from fiscal year 2015. His list also reported that[Read More…]
Congressional bill fully funds PILT program
WASHINGTON, D.C. I The Payment in Lieu of Taxes (PILT) program, which last year provided Colorado counties with $34.5 million to carry out vital services like fire and police protection, school construction, and road maintenance, received $372 million in the government funding bill, which passed Congress last week.
PILT funds included in Farm Bill
RBC I Colorado U.S. Sens. Michael Bennet and Mark Udall on Tuesday heralded the inclusion of an extension of the Payment in Lieu of Taxes (PILT) program in the Farm Bill conference report.
