House File 2552, a bill passed during the 2022 Legislative Session, changed the Business Property Tax Credit from a credit on the taxes paid by a taxpayer to an exemption on property value for the qualifying taxpayers.  The BPTC is now structured in a way that rolls the first 150,000 of assessed taxable value on qualifying commercial and industrial properties to the lower residential rollback percentage, rather than the higher commercial & industrial rollback percentage.  This taxes foregone on this difference is being paid back to local governments through a BPTC reimbursement.  This reimbursement will be paid in two halves, one equal payment each Fall and Spring.  This estimation sheet has been created to help cities budget this reimbursement payment in their annual budgets.