Mayors of some of the largest cities in the state are organizing to ask the General Assembly to consider “payment-in-lieu-of-taxes”
for hospitals and some other not-for-profits that don’t pay property taxes.
The mayors, including Fort Wayne’s Tom Henry, are desperate to backfill a revenue hole caused by capping property taxes.
Henry told IBJ reporter Kathleen McLaughlin for a story published in this week’s paper that while the group doesn’t want to tax churches, it is interested in targeting such church-owned ventures as nursing homes.
How do you feel about payment-in-lieu-of-taxes? Should not-for-profits be exempt from property taxes at all?