홈 > Term: payments in lieu of taxes (PILT)
payments in lieu of taxes (PILT)
A program administered by the Bureau of Land Management of the Department of the Interior to compensate counties for the tax-exempt status of federal lands; the fixed payments per entitlement acre (on most but not all federal lands) are adjusted for low county populations and for other revenue-sharing payments (e.g., Forest Service county payments) in a complicated formula.
- 품사: noun
- 분야/도메인: 농업
- 카테고리: 농업 프로그램 & 법
- Company: USDA
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