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New Jersey implemented the Payment-in-Lieu-of-Taxes (PILOT) Program. What is a PILOT? ( payment in lieu of taxes). What is the rationale for and challenges posed

New Jersey implemented the Payment-in-Lieu-of-Taxes (PILOT) Program.

What is a PILOT? ( payment in lieu of taxes).
What is the rationale for and challenges posed by offering a PILOT to a non-profit?
Describe how you would implement and structure a PILOT for a non-profit.

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