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 | Also known by the acronym PILOT, payment in lieu of taxes is exactly what it says. Instead of paying appropriate property or business taxes – from which they may be exempt – developers often arrange alternate payments to local jurisdictions. | ||
Latest revision as of 15:44, 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 – from which they may be exempt – developers often arrange alternate payments to local jurisdictions.