This bill proposes several updates to the current statutes regarding groundwater transportation fees. Under the new provisions, the term "sub-basin" will be changed to "subbasin" to ensure consistency in terminology. Additionally, the bill mandates that the director of the relevant department must post a table of fees on the department's website within sixty days of the amendment's effective date and update it annually to reflect changes in the GDP price deflator. The director will also continue to adjust the fee based on the GDP price deflator, but the language specifying this adjustment will be modified from "subsection" to "paragraph."

Furthermore, the bill clarifies the calculation of property tax credits related to remote municipal property. It specifies that the credit calculations will now include subdivisions (a) and (b) of a new paragraph, which outlines how to account for property tax revenues derived from remote municipal property. The bill also removes certain outdated language regarding the treatment of property tax revenues and emphasizes that the credit will be cumulative from year to year if not used to offset the groundwater transportation fee. Overall, these changes aim to streamline the process and ensure that the fee structure remains relevant and transparent.

Statutes affected:
Introduced Version: 45-556
House Engrossed Version: 45-556