Payment in lieu of taxes: Difference between revisions

Payment in lieu of taxes (view source)

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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 arrange alternate payments to local jurisdictions.		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.