This is not a tax, says Boston’s mayor

"The Museum of Fine Arts was dismayed to learn that the city of Boston is requesting a payment of $250,000 this year under new rules for the amount that not-for-profit organisations have to pay in lieu of taxes. The city plans to quadruple the bill to more than $1m by 2016.

The steep rise in contributions is a result of the Mayor of Boston Thomas Menino’s revised Pay­ment in Lieu of Taxes scheme, known as Pilot. The art museums, and the city’s other not-for-profit organisations owning property that is worth more than $15m, face paying a fee that is based on 25% of what they would have to pay if they were charged the city’s commercial tax."  [Read Full Article]

Published by:  The Art Newspaper
On:  01/01/12
Website:  http://www.theartnewspaper.com

Looking for original art?  Visit Artistically Connected today!