A Study Committee Report on Payments in Lieu of Taxes and Shared Revenues PDF Download
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Author: United States. Commission on Intergovernmental Relations. Study Committee on Payments in Lieu of Taxes and Shared Revenues
Publisher:
ISBN:
Category : Taxation and government property
Languages : en
Pages : 216
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Book Description
Author: United States. Commission on Intergovernmental Relations. Study Committee on Payments in Lieu of Taxes and Shared Revenues
Publisher:
ISBN:
Category : Taxation and government property
Languages : en
Pages : 216
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Book Description
Author: United States. Congress. House. Committee on Government Operations
Publisher:
ISBN:
Category : Government business enterprises
Languages : en
Pages : 120
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Book Description
Considers legislation to extend payments to local governments in lieu of real property taxes on manufacturing plants owned by Federal Government.
Author: United States. Advisory Commission on Intergovernmental Relations
Publisher:
ISBN:
Category : Intergovernmental fiscal relations
Languages : en
Pages : 172
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Book Description
Author: United States. Congress. Senate. Government Operations
Publisher:
ISBN:
Category :
Languages : en
Pages : 162
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Book Description
Author: United States. Congress. House. Committee on Government Operations. Legislation and Military Operations Subcommittee
Publisher:
ISBN:
Category : Intergovernmental fiscal relations
Languages : en
Pages : 68
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Book Description
Author: United States. Congress. Senate. Committee on Government Operations
Publisher:
ISBN:
Category : Taxation and government property
Languages : en
Pages : 160
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Book Description
Author: United States. Congress. House. Committee on Interior and Insular Affairs. Subcommittee on the Environment
Publisher:
ISBN:
Category : Intergovernmental fiscal relations
Languages : en
Pages : 180
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Book Description
Author: United States. Congress. Senate. Committee on Government Operations. Subcommittee on Reorganization and International Organizations
Publisher:
ISBN:
Category : Taxation and government property
Languages : en
Pages : 116
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Book Description
Considers S. 910, to authorize payments to local governments to compensate for tax losses as a result of the presence of Federal tax immune property in their jurisdiction.
Author: Mary Lynne Corn
Publisher:
ISBN:
Category : Electronic books
Languages : en
Pages : 14
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Book Description
Author: Daphne A. Kenyon
Publisher:
ISBN: 9781558442160
Category : Municipal services
Languages : en
Pages : 0
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Book Description
Charitable nonprofit organizations, including private universities, nonprofit hospitals, museums, soup kitchens, churches, and retirement homes, are exempt from property taxation in all 50 states. At the same time, these nonprofits impose a cost on municipalities by consuming public services, such as police protection and roads. Payments in lieu of taxes (PILOTs) are payments made voluntarily by these nonprofits as a substitute for property taxes. In recent years, municipal revenue pressures have led to heightened interest in PILOTs, and over the last decade they have been used in at least 117 municipalities in at least 18 states. Large cities collecting PILOTs include Baltimore, Boston, Philadelphia, and Pittsburgh. Boston has one of the longest standing and the most revenue productive PILOT program in the United States. PILOTs are a tool to address two problems with the property tax exemption provided to nonprofits. First, the exemption is poorly targeted, since it mainly benefits nonprofits with the most valuable property holdings, rather than those providing the greatest public benefit. Second, a geographic mismatch often exists between the costs and benefits of the property tax exemption, since the cost of the exemption in terms of forgone tax revenue is borne by the municipality in which a nonprofit is located, but the public benefits provided by the nonprofit often extend to the rest of the state or even the whole nation. PILOTs can provide crucial revenue for certain municipalities, and are one way to make nonprofits pay for the public services they consume. However, PILOTs are often haphazard, secretive, and calculated in an ad hoc manner that results in widely varying payments among similar nonprofits. In addition, a municipality's attempt to collect PILOTs can prompt a battle with nonprofits and lead to years of contentious, costly, and unproductive litigation. For this policy focus report, authors Daphne A. Kenyon and Adam H. Langley have researched the continuing policy debate over property tax exemptions among municipalities and nonprofit organizations, and they offer the following recommendations. PILOTs are one revenue option for municipalities. They are most appropriate for municipalities that are highly reliant on the property tax and have a significant share of total property owned by nonprofits. For example, a Minnesota study found that while PILOTs could increase property tax revenue by more than ten percent in six municipalities, there was negligible revenue potential from PILOTs for the vast majority of Minnesota cities and towns. Similarly, PILOTs are not appropriate for all types of nonprofits. PILOTs are most suitable for nonprofits that own large amounts of tax-exempt property and provide modest benefits to local residents relative to their tax savings. Municipalities should work collaboratively with nonprofits when seeking PILOTs. The best PILOT initiatives arise out of a partnership between the municipality and local nonprofit organizations, because both sectors serve the general public and have an interest in an economically and fiscally healthy community. In some cities, case-by-case negotiation with one or several nonprofits is best, as is the case between Yale University and New Haven. In cities with a large number of nonprofits, such as Boston, creating a systematic PILOT program can promote horizontal equity among tax-exempt nonprofits and raise more revenue than negotiating individual agreements.
