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Senate committee advances bill to clarify local notice on PILOT agreements
Summary
The City, County & Local Affairs Committee advanced House Bill 1386 to require that assessors, collectors and treasurers be notified and involved when counties or cities consider payment-in-lieu-of-tax agreements, clarifying local participation in determining covered property and tax collection under such bond programs.
The Senate City, County & Local Affairs Committee advanced House Bill 1386 after a brief presentation from Lindsay Bailey of the Association of Arkansas Counties.
Bailey told the committee the bill is intended to clarify local procedures for payment-in-lieu-of-tax (PILOT) agreements, which some businesses enter with counties or cities when they meet…
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