Bill > H3136

This bill amends Chapter 30B of the Massachusetts General Laws by adding a new section that requires out-of-state educational entities with property in Massachusetts to engage in negotiations with local land use authorities to establish a Payment In Lieu Of Tax (PILOT) settlement. A PILOT is a voluntary agreement where tax-exempt property owners, such as educational institutions, make payments to local governments to help offset the cost of municipal services like police, fire, and infrastructure that these properties still utilize despite being exempt from traditional property taxes. This provision aims to provide a framework for out-of-state educational institutions to contribute financially to the local communities where they own property, ensuring that these municipalities receive some form of compensation for the services they provide, even though the properties are not subject to standard property tax assessments.

Budget and Finance

https://malegislature.gov/Bills/194/H3136