Property Tax Endowment Act of 2003

Summary

Property Tax Endowment Act of 2003 - Amends Federal law to fund the payment in lieu of taxes program for five years. Permits a local government to receive a one-time payment to offset revenue loss from a Federal acquisition of land within its jurisdiction. Specifies that if a local government receives a one-time payment, the acquired land shall not be considered entitlement land, irrespective of changes in economic factors. Applies this Act to land acquisitions completed after September 30, 1998. Specifies criteria for determining amounts of one-time payments. Provides that in the case of land acquired before enactment of this Act, the head of the Federal land management agency shall deduct from the one-time payment the amount of any Federal sums paid to the local government since September 30, 1998. Requires each one-time payment to go into a trust fund, the interest of which may be used for any governmental purpose. Forbids expenditure of the principal of such a fund.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 27 January 2003

   Introduced

   Referred to the Committee on Resources, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 27 January 2003

   Introduced

   Referred to the Committee on Resources, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

3. 27 January 2003

   Introduced

   Introduced in House

   Source: IntroReferral

4. 27 January 2003

   Introduced

   Introduced in House

   Source: IntroReferral

5. 5 February 2003

   Referred

   Referred to the Subcommittee on Department Operations, Oversight, Nutrition and Forestry.

   Source: Committee

6. 12 February 2003

   Committee

   Executive Comment Requested from Interior, USDA.

   Source: Committee

7. 12 February 2003

   Referred

   Referred to the Subcommittee on National Parks, Recreation and Public Lands.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 27 January 2003 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 27 January 2003

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 27 January 2003

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 27 January 2003

  Open at official source

Sponsors

• Rep. Radanovich, George [R-CA-19] · R · Sponsor
• Rep. McKeon, Howard P. "Buck" [R-CA-25] · R · Cosponsor
• Stevan Pearce · R · Cosponsor
• Rep. Otter, C. L. (Butch) [R-ID-1] · R · Cosponsor
• Ken Calvert · R · Cosponsor
• Rep. Lewis, Jerry [R-CA-35] · R · Cosponsor
• · hsii00 · Standing
• · hsag00 · Standing

Related records

No cross-record relationships stored yet.