The National Taxpayers Union Foundation (NTUF) recently posted an issue brief with some history and updates on municipal payments in lieu of taxation (PILOT) programs focusing on tax-exempt nonprofits. Here are the key facts highlighted in the issue brief:
- PILOT programs help municipalities pay for vital services when large non-profits make up a significant portion of taxable property
- Boston’s 2011 PILOT guidance provides cities with a model for how to approach voluntary PILOT contributions without harming non-profits
- PILOTs do not provide substantial revenues to offset spending and should only be used to fund necessary local services
Posted in: