Agenda Text
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Supporting the enactment of Payment In Lieu of Taxes Legislation (HD3207 and SD2129).
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Official Text
Massachusetts Payment In Lieu of Taxes Legislation
HD3207 and SD2129
WHEREAS: The City of Somerville’s large nonprofit sector plays an important role in the city’s success, but the significant amount of property held in tax exempt status presents unique challenges to its tax base; and
WHEREAS: Cities across America, including Massachusetts, receive voluntary payments in lieu of taxes, or PILOT payments, from their largest private, tax exempt institutions in recognition of the critical municipal services provided by cities, such as Fire, Police, Rescue and Public Works; and
WHEREAS: The City of Somerville’s City Council supports efforts to have fair and Equitable PILOT agreements; NOW, THEREFORE, BE IT
RESOLVED: That this City Council supports changes to Massachusetts General Law Chapter 59 that would make it easier for municipalities to collect a minimum of 25% of tax value from large nonprofits having property valuing more than $15 million.