Higher‑education lobby warns against endowment excise and mandatory PILOT changes
Representatives of private non‑profit colleges asked the Joint Committee on Revenue to reject bills that would impose an excise on college endowments and allow mandatory PILOT payments by municipalities, arguing those measures would harm students, research and town‑college relationships.
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A trade group representing private, nonprofit colleges told the Joint Committee on Revenue the committee should oppose bills that would impose an endowment excise and permit municipal mandatory payments in lieu of taxes (PILOT) on tax‑exempt institutions.
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