Small County PILT Parity Act

The Small County PILT Parity Act amends the federal Payments in Lieu of Taxes (PILT) program, which provides payments to local governments containing tax-exempt federal lands. This bill directly affects small counties and other local governments with low populations that receive these federal payments. It revises the formula for calculating PILT payments by lowering the minimum population threshold for the smallest payment category from 4,999 to 499. Additionally, the bill replaces the entire payment schedule, adjusting the per-person amounts local governments receive based on their population size, with new rates for various population brackets starting from 500.