Payment in lieu of taxes: Difference between revisions
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Also known by the acronym PILOT, payment in lieu of taxes is exactly what it says. Instead of paying appropriate property or business taxes, developers often | Also known by the acronym PILOT, payment in lieu of taxes is exactly what it says. Instead of paying appropriate property or business taxes, developers often arrange alternate payments to local jurisdictions. | ||
Revision as of 15:37, 7 December 2019
Also known by the acronym PILOT, payment in lieu of taxes is exactly what it says. Instead of paying appropriate property or business taxes, developers often arrange alternate payments to local jurisdictions.