Workshop on Property Tax Incentives and the Treatment of
Tax-Exempt Property

Last Updated: 2/19/2013

Co-sponsored by the Federal Reserve Bank of Chicago, Metropolis Strategies and the Civic Federation

 

Local governments are increasingly caught in a vise. On the one hand, they want to stimulate economic development through business growth from attraction and retention strategies that often rely on the use of tax incentives. On the other hand, they are worried about erosion of the tax base as special exemptions and the growth of nontaxable property reduces the tax base. In this workshop, we will explore the role of property tax incentives in supporting business growth and the treatment of nonprofit entities in the tax base. Are there appropriate principles that might guide the use of tax incentives? Should nonprofits have some responsibility for paying into the property tax base, and if so, what might be a fair system for accomplishing this?


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11/30/12
8:30 AM
Registration and Continental Breakfast
9:00 AM
How Effective Are Property Tax Exemptions for Gaining Economic Development Advantage?
Moderator
Emily Harris, Metropolis Strategies
Presenter
Daphne Kenyon, Lincoln Institute of Land Policy
Responders
Thomas Cafcas, Good Jobs First
William Stafford, Evanston Township High School District 202
Dick Dye, Institute of Government and Public Affairs, University of Illinois
10:15 AM
Panel: What Should Be the Tax Treatment for Property Held by Nonprofits?
Moderator
Rick Mattoon, Federal Reserve Bank of Chicago
Panelists
Daphne Kenyon, Lincoln Institute of Land Policy
Sarah Wetmore, Civic Federation
Woods Bowman, DePaul University
Michael Pagano, University of Illinois at Chicago
10:30 AM
Break

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