Word: exemption
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Decker also called for a closer look at how the tax-exempt buildings are used and whether for-profit activities are taking place—which Mayor Michael A. Sullivan agreed has been an “ongoing issue...
Power said she did not know of any for-profit enterprises in tax-exempt properties...
After years of complaining that area universities do not pay enough to the city government, the Cambridge City Council took action last night and ordered a report on the amount of money that the city loses due to the tax-exempt status of the schools...
...order asks city manager Robert W. Healy to report on which properties owned by local universities are tax-exempt, how tax-exempt status is determined, and how much the city would receive if the properties had remained on the tax rolls...
Harvard makes a voluntary payment in lieu of taxes (PILOT) that is currently $1.5 million annually. The University pays an additional $4.3 million in taxes every year for the land it owns that is not tax-exempt. The Massachusetts Institute of Technology (MIT) has a similar PILOT agreement...