United States Congress
Permanently Authorizing PILT Act
October 11, 2023
Summary
This bill permanently authorizes the Payment in Lieu of Taxes (PILT) program, which compensates local governments for tax-exempt federal land. It has no relevance to mortgage lending, servicing, or any consumer-financial regulation. Mortgage compliance professionals need take no action.
AI-generated summary · Oct 1, 2026. Verify with your compliance counsel before acting.
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Source: https://www.congress.gov/bill/118th-congress/hr-bill/5929
Common questions
- What does "Permanently Authorizing PILT Act" cover?
- This bill permanently authorizes the Payment in Lieu of Taxes (PILT) program, which compensates local governments for tax-exempt federal land. It has no…
- Which agency issued this update?
- This update was issued by United States Congress.
- When was it published?
- It was published on October 11, 2023.