Revises Energy Tax Receipts Property Tax Relief Aid program; requires all energy taxes to be paid directly to municipalities.

This bill (S 2507) proposes to change how energy tax payments flow to municipalities. It requires energy taxpayers (like utility companies) to pay their taxes directly to local governments instead of the state treasury. Municipalities would receive fixed annual payments based on historical tax distributions, calculated by the State Treasurer, with energy taxpayers able to apply these payments as credits against their tax bills. The change would take effect starting in fiscal year 2022, shifting the payment mechanism from state-administered distribution to direct municipal receipt. (Note: This bill is currently pending in the Senate and has not been enacted.)