,,ii  #aag? ,,congress  #a/ ,session    
,s4 #ajjh  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,m>* #be1 #bjba,mr4    
,lee 7= himself1 ,mr4 ,ris*1 & ,mr4     
,crapo7 introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,en]gy & ,natural ,res\rces  ,a ,,bill  
,to require ! ,secret>y ( ! ,int]ior to 
develop a model+ tool1 conduct a /udy1 &
 issue reports relat+ to ! tax equival5t
 am\nt ( paym5ts "u ! paym5t 9 lieu (   
taxes program4  #a4 ,%ort title ,?is    
,act may be cit$ z ! ,mak+ ,obligations 
,"r by ,enl>g+ ,paym5ts ,9 ,lieu (      
,taxes ,act or ! ,,m ,,pilt ,act4  #b4  
,f9d+s2 s5se ( ,congress  7a7 ,f9d+s    
,congress f9ds t-- 7#a7 ,congress agre$ 
) recomm5dations ( a ,f$]al commission  
t1 if ,f$]al l& is to be reta9$ by !    
,f$]al ,gov]nm5t & n contribute to ! tax
 bases ( ! units ( g5]al local gov]nm5t 
)9 ! jurisdictions ( :i* ! l& is locat$1
 comp5sation %\ld be (f]$ to ^? units ( 
g5]al local gov]nm5t to make up = !     
pres5ce ( nontaxable l& )9 !            

jurisdictions ( ^? units ( g5]al local  
gov]nm5t2  7#b7 7,a7 units ( g5]al local
 gov]nm5t rely on ! /ability ( prop]ty  
tax rev5ues2 &  7,b7 ,f$]al programs t  
are subject to ! annual appropriations  
process1 su* z ! paym5t 9 lieu ( taxes  
program1 (f] f> less c]ta9ty ?an prop]ty
 taxes z a =m ( rev5ue = units ( g5]al  
local gov]nm5t2  7#c7 ,f$]al ag5cies h  
det]m9$ t paym5ts to units ( g5]al local
 gov]nm5t "u ! paym5t 9 lieu ( taxes    
program are f> l[] ?an :at w\ld be due  
to units ( g5]al local gov]nm5t "u tax  
equival5cy2  7#d7 paym5ts "u ! paym5t 9 
lieu ( taxes program help units ( g5]al 
local gov]nm5t c>ry out vital s]vices1  
su* z firefight+1 police protection1    
public education1 con/ruction ( public  
s*ools1 con/ruction ( roads1 &          
se>*-&-rescue op]ations2 &  7#e7 !      
te*nology exi/s to m accurately         
approximate :at ! taxable value ( l&    
held by ! ,f$]al ,gov]nm5t w\ld be if t 
l& 7 taxable by units ( g5]al local     
gov]nm5t4  7b7 ,s5se ( ,congress ,x is !

 s5se ( ,congress t ! ,f$]al ,gov]nm5t  
%\ld-- 7#a7 det]m9e ! am\nt t paym5ts "u
 ! paym5t 9 lieu ( taxes program w\ld be
 if ^? paym5ts 7 equival5t to ! tax     
rev5ues t units ( g5]al local gov]nm5t  
w\ld o!rwise receive = ! same l&2 &     
7#b7 comp5sate ^? units ( g5]al local   
gov]nm5t accord+ly4  #c4 ,def9itions ,9 
?is ,act3 7#a7 ,entitlem5t l& ,! t]m    
entitlem5t l& has ! mean+ giv5 ! t]m 9  
section #fija ( title #ca1 ,unit$ ,/ates
 ,code4  7#b7 ,highe/ & be/ use  7,a7 ,9
 g5]al ,! t]m highe/ & be/ use1 )       
respect to a p>cel ( entitlem5t l&1     
means ! pot5tial use describ$ 9         
subp>agraph 7,b7 t w\ld result 9 !      
highe/ value ( ! l&4  7,b7 ,pot5tial    
uses describ$ ,a pot5tial use ref]r$ to 
9 subp>agraph 7,a7 is any use ( a p>cel 
( l& t1 9 ! abs5ce ( ,f$]al own]%ip ( ! 
l&1 w\ld be-- 7i7 physically possible2  
7ii7 reasonably probable2  7iii7 legal2 
7iv7 appropriately support$2 &  7v7     
f9ancially feasible4  7#c7 ,m>ket value 
,! t]m m>ket value1 ) respect to a p>cel

 ( entitlem5t l&1 means ! value t ! l&  
w\ld h 9 a fair & op5 m>ket-- 7,a7      
disreg>d+ any limitation on economic    
developm5t & any o!r developm5t         
re/riction due to ,f$]al own]%ip ( ! l& 
or any ,f$]al designation2 &  7,b7      
calculat$ )9 an appropriate m>g9 (      
error1 z det]m9$ by ! ,secret>y4  7#d7  
,paym5t 9 lieu ( taxes program ,! t]m   
paym5t 9 lieu ( taxes program means !   
paym5t 9 lieu ( taxes program e/abli%$  
"u *apt] #fi ( title #ca1 ,unit$ ,/ates 
,code4  7#e7 ,secret>y ,! t]m ,secret>y 
means ! ,secret>y ( ! ,int]ior4  7#f7   
,tax equival5t am\nt ,! t]m tax         
equival5t am\nt1 ) respect to paym5ts "u
 ! paym5t 9 lieu ( taxes program1 means 
! approximate am\nt ( prop]ty tax       
rev5ues t w\ld be g5]at$ = units ( g5]al
 local gov]nm5t ) respect to entitlem5t 
l&-- 7,a7 if t l& 7-- 7i7 privately     
own$2 &  7ii7 subject to-- 7,i7 local   
zon+ laws 7includ+ regulations72  7,,ii7
 local tax laws 7includ+ regulations72 &
  7,,iii7 any o!r relevant law1 rule1 or

 au?ority2 &  7,b7 tak+ into acc\nt any 
maximum or m9imum taxable value ( l& t  
is impos$ by a ,/ate or unit ( g5]al    
local gov]nm5t4  7#g7 ,tool ,! t]m tool 
means ! tool or comb9ation ( tools      
develop$ & ma9ta9$ "u section           
#d7;a77#a74  7#h7 ,unit ( g5]al local   
gov]nm5t ,! t]m unit ( g5]al local      
gov]nm5t has ! mean+ giv5 ! t]m 9       
section #fija ( title #ca1 ,unit$ ,/ates
 ,code4  #d4 ,model+ tool1 /udy1 &      
reports relat+ to ! tax equival5t am\nt 
( paym5ts "u ! paym5t 9 lieu ( taxes    
program  7a7 ,model+ tool  7#a7 ,9 g5]al
 ,n lat] ?an #b ye>s aft] ! date (      
enactm5t ( ?is ,act1 ! ,secret>y1 9     
consultation ) ! ,secret>y (            
,agriculture & ! head ( any o!r ,f$]al  
ag5cy t ! ,secret>y det]m9es to be      
appropriate1 %all develop & ma9ta9 a    
m>ket analysis tool1 mass appraisal     
tool1 or o!r appropriate model+ tool 7or
 comb9ation ( tools71 z det]m9$ to be   
appropriate by ! ,secret>y1 t-- 7,a7    
acc\nts =-- 7i7 reasonable & cu/om>y    

valuation factors2 &  7ii7 if1 9 !      
det]m9ation ( ! ,secret>y1 data are     
inadequate to calculate a suffici5tly   
precise e/imate ( ! m>ket value ( !     
applicable p>cel ( entitlem5t l&1       
assumptions ( ^? factors2 &  7,b7       
calculates1 9 a timely mann]-- 7i7 !    
approximate m>ket value ( entitlem5t l&2
 &  7ii7 ! approximate tax equival5t    
am\nt ( paym5ts "u ! paym5t 9 lieu (    
taxes program = t l&4  7#b7 ,requirem5ts
 ,! tool %all-- 7,a7 calculate1 9 a     
timely mann]1 ! approximate m>ket value 
( entitlem5t l&2  7,b7 enable an        
employee or ag5t ( ! ,dep>tm5t ( !      
,int]ior to manually modify factors     
relat+ to ! valuation model us$ by !    
tool to calculate1 9 a timely mann]1 !  
m>ket value ( entitlem5t l& bas$ on new 
assumptions relat+ to t l&2  7,c7 to !  
maximum ext5t practicable1 provide      
te*nical an*ors relat+ to m>ket data--  
7i7 to ensure ! ongo+ integrity ( !     
tool2 &  7ii7 to ensure t ! l& values   
det]m9$ by ! tool are def5sible & bas$  

on s\nd & g5]ally accept$ valuation     
me?odologies2  7,d7 to ! maximum ext5t  
practicable1 assimilate1 9 a visual     
int]face-- 7i7 m>ket data1 includ+ !    
availability ( m9]al extraction1 en]gy  
production1 wat] managem5t1 timb]       
managem5t1 agricultural uses1 &         
recreational uses ) respect to !        
applicable l&2 &  7ii7 geospatial data  
relat+ to all entitlem5t l&2  7,e7 z    
frequ5tly z practicable1 automatically  
adju/ to reflect curr5t m>ket           
conditions1 z reflect$ 9 readily        
available m>ket s\rces1 z det]m9$ by !  
,secret>y1 9 consultation ) ! ,secret>y 
( ,agriculture2  7,f7 all[ a us] ( !    
tool-- 7i7 to e/imate ! value (         
entitlem5t l& z t l& is curr5tly us$2 & 
7ii7 to e/imate *anges 9 t value due to 
future uses "u v>i\s sc5>ios "u private 
own]%ip2 &  7,g7 provide a v>iety (     
e/imates ( ! value ( any entitlem5t l& =
 :i* !re is no comp>able non-,f$]al l& f
 :i* to d]ive ! in=mation necess>y to   
accurately calculate ! m>ket value ( !  

entitlem5t l&1 includ+ an e/imate bas$  
on ! highe/ & be/ use ( ! entitlem5t l& 
if ! entitlem5t l& 7 privately own$4    
7b7 ,/udy & reports  7#a7 ,9 g5]al ,n   
lat] ?an #b ye>s aft] ! date ( enactm5t 
( ?is ,act1 & annually !reaft] = #d     
ye>s1 ! ,secret>y1 9 consultation ) !   
,secret>y ( ,agriculture & ! head ( any 
o!r ,f$]al ag5cy t ! ,secret>y det]m9es 
to be appropriate1 %all-- 7,a7 conduct a
 /udy-- 7i7 to evaluate all entitlem5t  
l&2  7ii7 to det]m9e1 to ! maximum ext5t
 practicable1 ! m>ket value ( t l&2 &   
7iii7 to det]m9e1 to ! maximum ext5t    
practicable1 ! tax equival5t am\nt (    
paym5ts "u ! paym5t 9 lieu ( taxes      
program = t l&2 &  7,b7 submit to       
,congress & make publicly available a   
report describ+-- 7i7 ! results ( ! /udy
 conduct$ "u subp>agraph 7,a72 &  7ii7  
h[ paym5ts "u ! paym5t 9 lieu ( taxes   
program c\ld m accurately reflect ! tax 
equival5t am\nt4  7#b7 ,requirem5t ,9   
conduct+ ! /udy "u p>agraph 7#a77;,a71 !
 ,secret>y %all consid] any /udies      

conduct$ by ,/ates1 c\nties1 or o!r tax+
 jurisdictions p]ta9+ to ! tax equival5t
 am\nt ( paym5ts "u ! paym5t 9 lieu (   
taxes program4  7#c7 ,prelim9>y report  
,n lat] ?an #a ye> aft] ! date (        
enactm5t ( ?is ,act1 ! ,secret>y1 9     
consultation ) ! ,secret>y (            
,agriculture & ! head ( any o!r ,f$]al  
ag5cy t ! ,secret>y det]m9es to be      
appropriate1 %all submit to ,congress a 
report t-- 7,a7 describes ! progress ( !
 ,secret>y 9-- 7i7 develop+ ! tool2 &   
7ii7 conduct+ ! /udy "u p>agraph        
7#a77;,a72  7,b7 conta9s an assessm5t ( 
! accuracy ) :i* ! ,secret>y w be able  
to det]m9e-- 7i7 ! m>ket value (        
entitlem5t l&2 &  7ii7 ! tax equival5t  
am\nt ( paym5ts "u ! paym5t 9 lieu (    
taxes program = t l&2  7,c7 describes ! 
models & data t ! ,secret>y has develop$
 or collect$1 or int5ds to develop or   
collect1 z applicable1 & plans to use 9 
det]m9+-- 7i7 ! m>ket value ( entitlem5t
 l&2 &  7ii7 ! tax equival5t am\nt (    
paym5ts "u ! paym5t 9 lieu ( taxes      

program = t l&2 &  7,d7 includes any o!r
 in=mation t1 9 ! det]m9ation ( !       
,secret>y1 is relevant to-- 7i7 !       
efficacy ( ! tool2  7ii7 ! det]m9ation  
(-- 7,i7 ! m>ket value ( entitlem5t l&2 
or  7,,ii7 ! tax equival5t am\nt (      
paym5ts "u ! paym5t 9 lieu ( taxes      
program = t l&2 or  7iii7 ! effects (   
provid+ paym5ts "u ! paym5t 9 lieu (    
taxes program t m accurately reflect !  
tax equival5t am\nt4  7c7 ,contracts &  
consultants ,! ,secret>y may contract or
 consult ) any public or private entity 
to analyze data1 conduct rese>*1 or     
develop a model t w\ld contribute to !  
reports "u subsection 7b7 or ! tool4    
7d7 ,data collection & report+  7#a7 ,9 
g5]al ,! ,secret>y may develop report+  
me?ods to all[ units ( g5]al local      
gov]nm5t to self-report1 n m frequ5tly  
?an annually1 data1 includ+1 z !        
,secret>y det]m9es to be necess>y-- 7,a7
 prop]ty tax values ( l&2  7,b7 zon+    
re/rictions2 &  7,c7 mill levies4  7#b7 
,te*nical assi/ance ,! ,secret>y may    

provide te*nical assi/ance to units (   
g5]al local gov]nm5t ) respect to !     
report+ ( in=mation "u p>agraph 7#a74   
7e7 ,availability ( in=mation  7#a7     
,reque/ = in=mation ,any individual or  
entity may submit to ! ,secret>y a      
reque/ = in=mation relat+ to ! me?od us$
 by ! ,secret>y to det]m9e-- 7,a7 !     
m>ket value ( entitlem5t l&2 or  7,b7 ! 
tax equival5t am\nt ( paym5ts "u !      
paym5t 9 lieu ( taxes program = t l&4   
7#b7 ,in=mation provid$ ,! ,secret>y    
%all provide to ea* individual or entity
 t submits a reque/ = in=mation "u      
p>agraph 7#a7-- 7,a7 any data & models  
us$ by ! ,secret>y to det]m9e1 z        
applicable-- 7i7 ! m>ket value ( any    
entitlem5t l& = :i* a unit ( g5]al local
 gov]nm5t receives paym5ts "u ! paym5t 9
 lieu ( taxes program2 or  7ii7 ! tax   
equival5t am\nt ( paym5ts "u ! paym5t 9 
lieu ( taxes program = t l&2 &  7,b7 a  
description ( h[ ! data & models        
describ$ 9 subp>agraph 7,a7 are us$ to  
make ! det]m9ations describ$ 9 t        

subp>agraph4  7#c7 ,response deadl9e =  
c]ta9 reque/s ,n lat] ?an #cj days aft] 
receiv+ a reque/ "u p>agraph 7#a7 f a   
unit ( g5]al local gov]nm5t p]ta9+ to   
entitlem5t l& = :i* ! unit ( g5]al local
 gov]nm5t receives paym5ts "u ! paym5t 9
 lieu ( taxes program1 ! ,secret>y %all 
provide to t unit ( g5]al local gov]nm5t
 ! in=mation describ$ 9 p>agraph 7#b7 ) 
respect to t l&4  7f7 ,fund+ ,section   
#bjjcjf ( title #ed1 ,unit$ ,/ates      
,code1 is am5d$ by add+ at ! end !      
foll[+3  7e7 ,tax equival5cy ( ,,pilt   
paym5ts model+ tool1 /udy1 & report ,=  
ea* ( ! fir/ #f fiscal ye>s beg9n+ aft] 
! date ( enactm5t ( ! ,,m ,,pilt ,act1  
!re %all be made available to !         
,secret>y1 out ( am\nts made available =
 exp5diture "u section #bjjcjc1         
#i1jjj1jjj to c>ry out t ,act4  4