An Act relative to payments in lieu of taxation by organizations exempt from the property tax
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill addresses how property taxes are handled for organizations that are exempt from paying them, such as non-profit hospitals and educational institutions. It proposes to establish a system for these organizations to receive payments in lieu of taxes, effectively compensating them for the tax revenue they don't contribute. The goal is to ensure these vital services continue to be accessible while acknowledging their tax-exempt status. The bill is currently under consideration by the Joint Committee on Revenue.
Key provisions
- Establishes a framework for payments in lieu of taxes (PILOT) for tax-exempt organizations.
- Specifies eligible organizations for PILOT payments.
- Outlines the process for determining the amount of PILOT payments.
- Requires the Department of Revenue to administer the PILOT program.
- Addresses potential funding mechanisms for the PILOT program.
- Defines the criteria for organizations to qualify for PILOT payments.
- Requires reporting on the effectiveness of the PILOT program.
- Clarifies the relationship between PILOT payments and existing tax exemptions.
Who is affected
- Tax-exempt organizations (e.g., hospitals, universities, non-profits)
- The Commonwealth of Massachusetts
- Local governments (municipalities)
- Residents of Massachusetts
- Service providers funded by tax-exempt organizations
Notable changes
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Sponsors
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5 on record
Primary sponsor
Cosponsors
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