Payment In Lieu Of Taxes
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Payment In Lieu Of Taxes
A payment in lieu of taxes (usually abbreviated as PILOT, or sometimes as PILT) is a payment made to compensate a government for some or all of the property tax revenue lost due to tax exempt ownership or use of real property. Canada The federal government of Canada makes payments in lieu of taxes to local governmental entities (including First Nations) where the federal government owns real property. United States In the United States, payment in lieu of taxes can arise in several ways: * Land owned by the federal government is generally not subject to taxation by state or local governments. Under Public Law 94-565, enacted in 1976, the federal government began making payments in lieu of taxation to local governments affected by this reduction in their tax bases. * In some states where land owned by colleges and universities is not subject to local property taxes, the state government reimburses the local governments for part of the tax revenue that the local government would ...
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Government
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed govern ...
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Port Authority Of New York And New Jersey
The Port Authority of New York and New Jersey, PANYNJ; stylized, in logo since 2020, as Port Authority NY NJ, is a joint venture between the U.S. states of New York and New Jersey, established in 1921 through an interstate compact authorized by the United States Congress. The Port Authority oversees much of the regional transportation infrastructure, including bridges, tunnels, airports, and seaports, within the geographical jurisdiction of the Port of New York and New Jersey. This port district is generally encompassed within a radius of the Statue of Liberty National Monument. The Port Authority is headquartered at 4 World Trade Center. The Port Authority operates the Port Newark–Elizabeth Marine Terminal, which handled the third-largest volume of shipping among all ports in the United States in 2004, and the largest on the Eastern Seaboard. The Port Authority also operates six bi-state crossings: three connecting New Jersey with Manhattan, and three connecting New Je ...
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Portable Document Format
Portable Document Format (PDF), standardized as ISO 32000, is a file format developed by Adobe in 1992 to present documents, including text formatting and images, in a manner independent of application software, hardware, and operating systems.Adobe Systems IncorporatedPDF Reference, Sixth edition, version 1.23 (53 MB) Nov 2006, p. 33. Archiv/ref> Based on the PostScript language, each PDF file encapsulates a complete description of a fixed-layout flat document, including the text, fonts, vector graphics, raster images and other information needed to display it. PDF has its roots in "The Camelot Project" initiated by Adobe co-founder John Warnock in 1991. PDF was standardized as ISO 32000 in 2008. The last edition as ISO 32000-2:2020 was published in December 2020. PDF files may contain a variety of content besides flat text and graphics including logical structuring elements, interactive elements such as annotations and form-fields, layers, rich media (including video con ...
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Congressional Research Service
The Congressional Research Service (CRS) is a public policy research institute of the United States Congress. Operating within the Library of Congress, it works primarily and directly for members of Congress and their committees and staff on a confidential, nonpartisan basis. CRS is sometimes known as Congress' think tank due to its broad mandate of providing research and analysis on all matters relevant to national policymaking. CRS has roughly 600 employees reflecting a wide variety of expertise and disciplines, including lawyers, economists, reference librarians, and scientists. In the 2016 fiscal year, it was appropriated a budget of roughly $106.9 million by Congress. CRS was founded during the height of the Progressive Era as part of a broader effort to professionalize the government by providing independent research and information to public officials. Its work was initially made available to the public, but between 1952 and 2018 was restricted only to members of Congr ...
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Bureau Of Land Management
The Bureau of Land Management (BLM) is an agency within the United States Department of the Interior responsible for administering federal lands. Headquartered in Washington DC, and with oversight over , it governs one eighth of the country's landmass. President Harry S. Truman created the BLM in 1946 by combining two existing agencies: the General Land Office and the Grazing Service. The agency manages the federal government's nearly of subsurface mineral estate located beneath federal, state and private lands severed from their surface rights by the Homestead Act of 1862. Most BLM public lands are located in these 12 western states: Alaska, Arizona, California, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington and Wyoming. The mission of the BLM is "to sustain the health, diversity, and productivity of the public lands for the use and enjoyment of present and future generations." Originally BLM holdings were described as "land nobody wanted" because home ...
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Endowment Tax
Endowment tax is the taxation of financial endowments that are otherwise not taxed due to their charitable, educational, or religious mission. Endowments can be up to several billion dollars at some universities, some charitable foundations, and some medical foundations. Endowment tax in the United States Excise tax on private foundation endowments Unlike nonprofit corporations classified as a public charity, private foundations in the United States are generally subject to a 1% or 2% excise tax on any net investment income. Federal changes in 2017 and 2018 As enacted in the Tax Cuts and Jobs Act of 2017 The Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, , is a congressional revenue act of the United States originally introduced in Congress as the Tax Cuts and Jobs A ... and amended by the Bipartisan Budget Act of 2018, an excise tax of 1.4% on endowment income is levied on universities t ...
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Tenement (law)
{{Wiktionary, tenement A tenement (from the Latin tenere ''to hold''), in law, is anything that is held, rather than owned. This usage is a holdover from feudalism, which still forms the basis of property law in many common law jurisdictions, in which the monarch alone owned the allodial title to all the land within his kingdom. Under feudalism, land itself was never privately "owned" but rather was "held" by a tenant (from Latin ''teneo'' "to hold") as a fee, being merely a legal right over land known in modern law as an estate in land. This was held from a superior overlord, (a mesne lord), or from the crown itself in which case the holder was termed a tenant-in-chief, upon some manner of service under one of a variety of feudal land tenures. The thing held is called a tenement, the holder is called a tenant, the manner of his holding is called a tenure, and the superior is called the landlord, or lord of the fee. These forms are still preserved in law, even though feudalism its ...
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Baltimore
Baltimore ( , locally: or ) is the most populous city in the U.S. state of Maryland, fourth most populous city in the Mid-Atlantic, and the 30th most populous city in the United States with a population of 585,708 in 2020. Baltimore was designated an independent city by the Constitution of Maryland in 1851, and today is the most populous independent city in the United States. As of 2021, the population of the Baltimore metropolitan area was estimated to be 2,838,327, making it the 20th largest metropolitan area in the country. Baltimore is located about north northeast of Washington, D.C., making it a principal city in the Washington–Baltimore combined statistical area (CSA), the third-largest CSA in the nation, with a 2021 estimated population of 9,946,526. Prior to European colonization, the Baltimore region was used as hunting grounds by the Susquehannock Native Americans, who were primarily settled further northwest than where the city was later built. Colonist ...
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Massachusetts
Massachusetts (Massachusett language, Massachusett: ''Muhsachuweesut [Massachusett writing systems, məhswatʃəwiːsət],'' English: , ), officially the Commonwealth of Massachusetts, is the most populous U.S. state, state in the New England region of the Northeastern United States. It borders on the Atlantic Ocean and Gulf of Maine to the east, Connecticut and Rhode Island to the south, New Hampshire and Vermont to the north, and New York (state), New York to the west. The state's capital and List of municipalities in Massachusetts, most populous city, as well as its cultural and financial center, is Boston. Massachusetts is also home to the urban area, urban core of Greater Boston, the largest metropolitan area in New England and a region profoundly influential upon American History of the United States, history, academia, and the Economy of the United States, research economy. Originally dependent on agriculture, fishing, and trade. Massachusetts was transformed into a manuf ...
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Lincoln Institute Of Land Policy
The Lincoln Institute of Land Policy is a think tank based in Cambridge, Massachusetts. The Lincoln Institute of Land Policy seeks to "improve quality of life through the effective use, taxation, and stewardship of land". A nonprofit private operating foundation whose origins date to 1946, the ttps://www.lincolninst.edu/research-data/research Lincoln Institute researchesand recommends creative approaches to land as a solution to economic, social, and environmental challenges. Through education, training, publications, and events, the institute integrates theory and practice to inform public policy decisions worldwide. The organization is currently headed by George W. McCarthy, previously director of Metropolitan Opportunity at the Ford Foundation. In July 2014 he succeeded Gregory K. Ingram, an urban economist and former director of evaluation for the World Bank. Publications The Lincoln Institute publishes books and Policy Focus Reports that reflect original research and also do ...
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Wind Energy
Wind power or wind energy is mostly the use of wind turbines to electricity generation, generate electricity. Wind power is a popular, sustainable energy, sustainable, renewable energy source that has a much smaller Environmental impact of wind power, impact on the environment than burning fossil fuels. Historically, wind power has been used in sails, windmills and windpumps but today it is mostly used to generate electricity. Wind farms consist of many individual wind turbines, which are connected to the electric power transmission Electrical grid, network. New Onshore wind farm, onshore (on-land) wind farms are cheaper than new Coal-fired power station, coal or Gas-fired power plant, gas plants, but expansion of wind power is being hindered by fossil fuel subsidies. Onshore wind farms have a greater visual #Impact on environment and landscape, impact on the landscape than some other power stations. Small onshore wind farms can feed some energy into the grid or provide power t ...
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Carroll, New Hampshire
Carroll is a town in Coös County, New Hampshire, United States. The population was 820 at the 2020 census. The two largest villages are Twin Mountain and Bretton Woods. Carroll is an important access point for recreational areas in the White Mountains, including many 4,000-footers, the Zealand River area, the Presidential Range, and the Presidential Dry River Wilderness. The town is home to the Mount Washington Hotel at Bretton Woods and to the Highland Center at Crawford Notch, the Appalachian Mountain Club's four-season lodge. Carroll is part of the Berlin, NH– VT Micropolitan Statistical Area. History Land was granted by Governor John Wentworth on February 8, 1772, to Sir Thomas Wentworth, Samuel Langdon, and 81 others. Sir Thomas Wentworth resided in West Bretton, England, on his estate called Bretton Hall, after which the township was named "Bretton Woods". On the 1816 Carrigain map of New Hampshire, it appears as "Breton Woods". On June 22, 1832, the town was ...
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