PILOT

PILOT
 n.β€” Β«The companiesβ€”including behemoths like JPMorgan Chase, Pfizer and NBCβ€”have paid a fraction of their normal property tax bill for years through these little-known deals, commonly called PILOTs (Payments in Lieu of Taxes).Β» β€”β€œDeals that lead to lost property taxes” by Juan Gonzalez New York Daily News Dec. 20, 2007. (source: Double-Tongued Dictionary)

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