Word: tax-exempt
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Although he declined to specify details, a number of city activists have been lobbying for several changes in the prior agreement, under which Harvard voluntarily made an annual contribution to the city as compensation for its vast tax-exempt land holdings...
...other business, the council passed an order submitted by Councillor Francis H. Duehay '55 calling for a hearing to discuss the annual payments made by Harvard and MIT to the city as compesation for their tax-exempt properties...
Harvard currently pays the city $969,170 annually as compensation for its tax-exempt affilated housing complexes such as Peabody terrace. While the contract governing the in lieu of tax contribution expired on December 31, 1988, Harvard has continued its payments for the last two fiscal years as if the old agreement were still in effect...
Cohen never clarifies what he understands "electoral politics" to be. If this is interpreted as supporting certain candidates, then PBHA policy definitely precludes "electoral politics." This is for two reasons: 1) it is unethical, and 2) it would blatantly violate our tax-exempt status requirements...
...None of these [tax-exempt] places pay enough," said Cambridge Mayor Alice K. Wolf in an interview. "Whatever they pay is miniscule...