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HR 5081 107th Congress House

Property Tax Endowment Act of 2002

Official title: To provide full funding for the payment in lieu of taxes program for the next five fiscal years, to protect local jurisdictions against the loss of property ta… Show full official titleShow less

Official title: To provide full funding for the payment in lieu of taxes program for the next five fiscal years, to protect local jurisdictions against the loss of property tax revenues when private lands are acquired by a Federal land management agency, and for other purposes.

Introduced: October 3, 2002 See on congress.gov
Taxation AppropriationsDepartment of the InteriorEconomics and Public FinanceFederal-local relations
More subjectsShow fewer subjects
Finance and Financial SectorGovernment Operations and PoliticsGovernment paperworkGovernment trust fundsInterestIntergovernmental fiscal relationsLand transfersLocal financeLocal taxationPayments in lieu of taxesProperty taxPublic Lands and Natural ResourcesTax-exempt organizations
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 9 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 25, 2002
Joint Hearings held by the Subcommittee on Fisheries Conservation, Wildlife, and Oceans, by the Subcommittee on Forests and Forest Health, and by the Subcommittee on National Parks, Recreation, and Public Lands.
Jul 25, 2002
Joint Hearings held by the Subcommittee on National Parks, Recreation, and Public Lands, by the Subcommittee on Forests and Forest Health, and by the Subcommittee on Fisheries Conservation, Wildlife and Oceans.
Jul 25, 2002
Joint Hearings held by the Subcommittee on Forests and Forest Health, by the Subcommittee on National Parks, Recreation, and Public Lands, and by the Subcommittee on Fisheries Conservation, Wildlife and Oceans.
Jul 19, 2002
Referred to the Subcommittee on Forests and Forest Health.
Jul 19, 2002
Referred to the Subcommittee on Fisheries Conservation, Wildlife and Oceans.
Jul 19, 2002
Referred to the Subcommittee on National Parks, Recreation and Public Lands.
Jul 16, 2002
Referred to the Subcommittee on Department Operations, Oversight, Nutrition and Forestry.
Jul 9, 2002
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.
Jul 9, 2002
Introduced in House
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 Latest action July 25, 2002

Joint Hearings held by the Subcommittee on Fisheries Conservation, Wildlife, and Oceans, by the Subcommittee on Forests and Forest Health, and by the Subcommittee on National Parks, Recreation, and Public Lands.

 Plain-English summary Congressional Research Service
Property Tax Endowment Act of 2002 - 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 6
 Cosponsors 3
All 3 Republican 2
R
Calvert, Ken
California · Oct 3, 2002
DOOLEY, CAL
· Oct 3, 2002
 R
Simpson, Michael K.
Idaho · Jul 9, 2002
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5081: Property Tax Endowment Act of 2002. 107th Congress. Open America. https://openamerica.io/bill/107-HR-5081/
MLA
"H.R. 5081: Property Tax Endowment Act of 2002." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-5081/.
Bluebook (legal)
H.R. 5081, 107th Cong. (2026), https://openamerica.io/bill/107-HR-5081/.
Markdown link
[H.R. 5081: Property Tax Endowment Act of 2002](https://openamerica.io/bill/107-HR-5081/)
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