Monday, April 19, 2010

Baltimore Seeking Revenue from Local Nonprofits

As reported in recent posts to this blog, Baltimore is joining other cities pursuing payments in lieu of taxes (or PILOTs) to generate much needed revenue during continued budgetary crises.  The Baltimore Sun reports that the mayor is seeking a "bed tax" on John Hopkins University as well as other hospitals and universities that is directly related to dorm and hospital capacity.  Baltimore previously obtained PILOTs from John Hopkins and other local nonprofits in the early 2000s, but the negotiated payments lasted only four years. The bed fee is being criticized as overly burdensome on nonprofits with large bed capacity but relatively less real estate.  The Baltimore Sun article argues for PILOTs "proportional to property ownership."

NAM

http://lawprofessors.typepad.com/nonprofit/2010/04/baltimore-seeking-revenue-from-local-nonprofits.html

Current Affairs, State – Executive | Permalink

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