Bill > H3264

This bill allows cities and towns to require certain tax-exempt organizations with property valued at $15 million or more to make payments in lieu of taxes (PILOT) equal to 25 percent of what they would normally pay if their property were taxable. Specifically, the bill amends Massachusetts law to enable municipalities to opt into this requirement through a local vote, with an important exception for "High Public Payment Hospitals" as defined by the Executive Office of Health and Human Services. When a city or town chooses to implement this provision, they must create a local ordinance or bylaw that establishes the framework for PILOT agreements, which can include potential exemptions, consideration of community benefits as alternative forms of payment, and guidelines for administering these payments. This legislation aims to provide municipalities with a mechanism to generate revenue from large, tax-exempt organizations while maintaining flexibility in how those payments are structured.