HB2213 GPLET Reforms Round 2 (Leach - 2017)

As amended, HB2213 limits- on a prospective basis, the length of GPLET deals for those receiving full property tax abatement to a total of eight years. This means in year nine, all jurisdictions including the K-12 school districts receive the benefit of an added taxpayer and do not have to manage the complications of GPLET payments. It also includes several reforms as recommended by the Auditor General such as making the government lessor responsible for calculating the correct GPLET payment.