What does PILT mean in State & Local?
This page is about the meanings of the acronym/abbreviation/shorthand PILT in the Governmental field in general and in the State & Local terminology in particular.
Payments in Lieu of Taxes
Submitted by agnm on April 4, 2013
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Definition
What does PILT mean?
- pilt
- 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.
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"PILT." Abbreviations.com. STANDS4 LLC, 2024. Web. 21 Sep. 2024. <https://www.abbreviations.com/term/1435611>.
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