Word: tax-exempt
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...University objected to a second requirement in the bill, which prohibits sale of the land to a tax-exempt institution unless "service charges in lieu of taxes" are paid for 99 years. "We are opposed to this in principle," Reynolds stated, "since it could endanger the University's tax-exempt status...
...sponsor of House Bill No. 2173, emphasized at the hearing that "common ground" between the University and the MTA could be reached without damaging the city of Cambridge. John R. Sennott, father of the second sponsor, spoke about the "great drain on taxpayers" caused by the large amount of tax-exempt property in Cambridge...
Sullivan confirmed yesterday the group's plan for use of the Stadium if the tax-exempt status of the land is threatened by rental to a professional organization. His group, he said, would try to contribute a large amount in the University's name to the United Fund or a similar charity and use the Stadium without charge...
...attempt to extract money from some of these institutions, Collins has suggested that, without altering their tax-exempt status, they should pay to the city a "donation in lieu of taxes," similar to the procedure that both Harvard and M.I.T. follow in Cambridge. But this proposal is not as simple as it may sound, for, while the city is poor, so are the colleges...
Although this decision has been interpreted by some as a "victory" for the University and other "tax-exempt" institutions, Counihan pointed out that the Cambridge Board of Appeal "has expressly ruled that Harvard University is subject to compliance with the zoning ordinance, and I am reliably informed that its rulings in the future will not be affected" by the Armenian Church decision...