PILT definition

PILT means payment in lieu of taxes.
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PILT means a payment in lieu of property tax as set forth in Section 9.3.1.a.
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PILT means all payments in lieu of taxes, rates, assessments, duties, levies and charges relating to the Park and all improvements therein or thereon, payable pursuant to the Payment in Lieu of Taxes Act (Canada), as amended from time to time.
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Examples of PILT in a sentence

  • In addition to the PILT, for any year in which the Property or any portion thereof qualifies as property tax exempt, Owner shall pay the City a fee for services (“Fee”) for fire, police, emergency medical and other general City services that would otherwise be paid for in part by property taxes assessed against the Property.

  • The amount of the PILT shall be determined in accordance with then-applicable law governing the property tax exemption.

  • Not later than April 15 of each calendar year of the Payment Term, Chugach shall deliver to Municipality Chugach’s calculation of the PILT Payment to be made in such calendar year (the “Calculation Spreadsheet”).

  • If Municipality does not deliver an Objection Notice to Chugach within such 120-day period, Municipality will be deemed to have accepted the calculation of the PILT Payment contained in the Calculation Spreadsheet delivered by Chugach.

  • Chugach agrees that any amounts that Chugach collects from retail customers in connection with the PILT Payments will be collected solely from retail customers of Chugach in the Legacy Territory until December 31, 2033.

  • ML&P previously paid Municipality municipal utility service assessments pursuant to AMC 26.10.025 for police and fire protection and other governmental services provided by Municipality and following the closing of the Asset Purchase Agreement Chugach has agreed to make the PILT Payments (as defined below) for such governmental services as set forth herein and accordingly such payments are meant to be a tax obligation.

  • PILT Payments shall be made for a term of 50 years including the first such payment (the “Payment Term”).

  • In 2003, I presented Assembly Joint Resolution 6 originally asking for enough land to build a rail- road from the Utah border to the test site as well as making a more reasonable PILT to Nevada.

  • The unanimous, bipartisan nature of this PILT tax equivalency initiative creates, as Senator ▇▇▇ noted, “a generational opportunity.” Governor ▇▇▇▇ ▇▇▇▇▇▇▇ noted, in regard to public lands initiatives, that they require competent coordination in the areas of education, negotiation, legislation, and potentially litigation, to move such issues forward.

  • Chugach and Municipality agree not to assert in any manner, including in a court, regulatory or bankruptcy proceeding, that the PILT Payments are not a tax obligation.