Sacramento, CA – Senator Mike McGuire co-authored legislation introduced this week to help rural counties recover more than a decade worth of payment in lieu of taxes (PILT) from the state.
Small, rural counties with tax-exempt state land miss out on taxes they would otherwise be paid for the property. Instead, the state is obligated to make payments in lieu of taxes (PILT) to help counties recover the lost property tax revenue. The state more than $19 million in PILT obligations to counties across the state, for funds they have not been paid over the last several years.