Thursday, September 15, 2011
If you are in New York City on October 4, 2011, consider attending a CLE sponsored by the Center for Real Estate Studies at New York Law School, entitled "Payments in Lieu of Taxes (PILOTs) by Nonprofit Organizations." Here's the brief synopsis:
Other cities (such as Boston) are adopting policies to "encourage" and "compel" nonprofits that are exempt from property taxes to make payments to the city to defray costs of city services (fire protection, police, streets, etc.) attributable to those exempt properties. This is a growing trend as municipalities face budget crunches with decreased tax revenues and increased costs. The October 4th program will present different perspectives on whether New York should consider nonprofit PILOTs. This program will be of interest to lawyers, the nonprofit sector, policy makers, professional services providers, and the public.
Event Speakers Daphne A. Kenyon and Adam H. Langley are also co-authors of Payments in Lieu of Taxes : Balancing Municipal and Nonprofit Interests, a report published in November 2010 by Lincoln Institute of Land Policy. This report will be discussed during the program and is available for download at http://www.lincolninst.edu/pubs/1853_Payments-in-Lieu-of-Taxes.
The program is free, but registration is required. You can register here.
This looks like a fascinating program -- I wish New York was a little closer to Winston-Salem!