DIGEST OF SB98 (Updated January 14, 2008 11:14 am - DI kc)
Payments in lieu of taxes for DNR land. Requires the department of natural resources (DNR) to make a semiannual payment in lieu of property taxes (PILOT) for land owned or leased by the DNR, except for land used as a state park. Allows: (1) a county; and (2) a conservancy district; in which land owned by the DNR is located to collect a PILOT. Provides that for purposes of calculating a PILOT, the land is considered to have an assessed value of 1/3 of the statewide agricultural land value base. Establishes the PILOT transfer account within the state general fund and appropriates from the state general fund to the PILOT transfer account the amount necessary to make required distributions to counties and conservancy districts.