NJ Task force looks for ways to collect from tax-exempt nonprofits
As more municipalities cut services and real estate values plummet, state and local government officials are pushing to form a task force that will examine methods to collect in lieu of tax payments from tax-exempt and tax-abated properties.
“In good times, we wouldn’t be considering these types of things from nonprofits or tax-exempt organizations,” said Bill Dressel, executive director of the New Jersey State League of Municipalities. “But now … with costs coming in above the 2 percent cap and energy tax revenues not going to towns … towns are looking at all options possible. Many nonprofits already understand that, and some of them may be working with their host municipality for a reasonable fee.” (Eder, NJBIZ)