PILOT OVERVIEW

Wilson County Payment in Lieu of Tax Program (PILOT)

The Wilson County Commission passed in 2006 the first standardized payment in lieu of tax program for industries and businesses that are considering expanding or relocating in the community. The information below is intended to provide a general description of the program and its procedures. The Joint Economic and Community Development Board of Wilson County (JECDB) is the coordinating agency for this program.

Program Guidelines:

The Wilson County Payment in Lieu of Tax Program can apply to either personal and/or real property. Per state regulations any property to be considered under the program will have to be placed into the hands of the Wilson County Industrial Development Bond Board. By doing this the county has the authority to establish a payment in lieu of tax that would have been required without any agreement. The amount of payment and term of agreement are determined by the JECDB staff and approved by both the Executive Committee of the JECDB and the Finance Committee of the Wilson County Commission. Upon approval by the above agencies a formal agreement is then developed between the applicant and the Wilson County Industrial Development Bond Board.

PILOT Computation: 

The JECDB staff will perform an economic analysis based upon the project description. Five factors will be considered in the computation of the PILOT which will include: benefit/cost & payback of project, job creation, wages, capital investment and targeted industry. Upon completion of the analysis the JECDB staff will recommend a PILOT proposal which can total up to a seven year proposal. If approved the applicant would be required to pay ten percent of the year one personal taxes for the term of the PILOT.

Procedure:

Any new or existing industry in Wilson County is eligible for the program. Additional information concerning the program can be acquired by contacting the Joint Economic and Community Development Board of Wilson County at 615.443.1210.