U. creates new position to market research amid lawsuit over tax exemption
Daily Princetonian Staff and Anna WindemuthThe announcement that the University’s Office of Technology Licensingestablishedthe position of executive in residence to help commercialize its research comes in the midst of alawsuitagainst the University regarding its tax-exempt status. Local plaintiffs, who filed the suit in 2011, cite the University’s commercialized research revenue as a reason to increase its tax duties, leading some community members to interpret the creation of the new position as a recognition of the University’s corporate priorities. Although the University does not pay taxes on most of its property, it spends about$10 million a yearon taxes for nonexempt properties and voluntarily pays taxes on some graduate student housing, making it the largest tax contributor in town. “They’re being sued in a nationally renowned lawsuit over abusing tax-exempt privileges,” the plaintiffs’ representative and Princeton-based lawyer Bruce Afran said of the University.






