Download or read book Rethinking Property Tax Incentives for Business written by Daphne A. Kenyon and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The use of property tax incentives for business by local governments throughout the United States has escalated over the last 50 years. While there is little evidence that these tax incentives are an effective instrument to promote economic development, they cost state and local governments $5 to $10 billion each year in forgone revenue. Three major obstacles can impede the success of property tax incentives as an economic development tool. First, incentives are unlikely to have a significant impact on a firm's profitability since property taxes are a small part of the total costs for most businesses--averaging much less than 1 percent of total costs for the U.S. manufacturing sector. Second, tax breaks are sometimes given to businesses that would have chosen the same location even without the incentives. When this happens, property tax incentives merely deplete the tax base without promoting economic development. Third, widespread use of incentives within a metropolitan area reduces their effectiveness, because when firms can obtain similar tax breaks in most jurisdictions, incentives are less likely to affect business location decisions. This report reviews five types of property tax incentives and examines their characteristics, costs, and effectiveness: property tax abatement programs; tax increment finance; enterprise zones; firm-specific property tax incentives; and property tax exemptions in connection with issuance of industrial development bonds. Alternatives to tax incentives should be considered by policy makers, such as customized job training, labor market intermediaries, and business support services. State and local governments also can pursue a policy of broad-based taxes with low tax rates or adopt split-rate property taxation with lower taxes on buildings than land.State policy makers are in a good position to increase the effectiveness of property tax incentives since they control how local governments use them. For example, states can restrict the use of incentives to certain geographic areas or certain types of facilities; publish information on the use of property tax incentives; conduct studies on their effectiveness; and reduce destructive local tax competition by not reimbursing local governments for revenue they forgo when they award property tax incentives.Local government officials can make wiser use of property tax incentives for business and avoid such incentives when their costs exceed their benefits. Localities should set clear criteria for the types of projects eligible for incentives; limit tax breaks to mobile facilities that export goods or services out of the region; involve tax administrators and other stakeholders in decisions to grant incentives; cooperate on economic development with other jurisdictions in the area; and be clear from the outset that not all businesses that ask for an incentive will receive one.Despite a generally poor record in promoting economic development, property tax incentives continue to be used. The goal is laudable: attracting new businesses to a jurisdiction can increase income or employment, expand the tax base, and revitalize distressed urban areas. In a best case scenario, attracting a large facility can increase worker productivity and draw related firms to the area, creating a positive feedback loop. This report offers recommendations to improve the odds of achieving these economic development goals.

Download or read book The States and Distressed Communities written by and published by . This book was released on 1983 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Intergovernmental Perspective written by and published by . This book was released on 1975 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt: Each issue concentrates on a different topic.

Download or read book The States and Distressed Communities written by and published by . This book was released on 1982 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Detroit and the Property Tax written by Gary Sands and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report outlines the problems underlying the erosion of Detroit's property tax base--a factor that contributed to the city's bankruptcy in 2013. It offers recommendations for reform at the local and state level, as well as insight and analysis to help policy makers across the country protect their communities from economic decline.

Download or read book US Master Property Tax Guide 2009 written by CCH Tax Law Editors and published by CCH. This book was released on 2009-03 with total page 722 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book U S Master Property Tax Guide 2008 written by CCH State Tax Law Editors and published by CCH. This book was released on 2008-03 with total page 708 pages. Available in PDF, EPUB and Kindle. Book excerpt: CCH's U.S. Master Property Tax Guide is a practical, quick-answer resource to the key issues and concepts that professionals who deal with state and local property taxes need to know. This handy desktop reference contains concise explanations on major property tax areas in a readily accessible, easy-to-use and easy-to-understand format. It provides an overview of the property tax and valuation assessment methods used by the different taxing jurisdictions, and provides readers with the key definitions, concepts and procedures necessary to understand the application of local property taxes.

Download or read book Planning Local Economic Development written by Nancey Green Leigh and published by SAGE Publications. This book was released on 2016-11-23 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by authors with years of academic, regional, and city planning experience, this classic text has laid the foundation for practitioners and academics working in planning and policy development for generations. With deeper coverage of sustainability and resiliency, the new Sixth Edition explores the theories of local economic development while addressing the issues and opportunities faced by cities, towns, and local entities in crafting their economic destinies within the global economy. Nancey Green Leigh and Edward J. Blakely provide a thoroughly up-to-date exploration of planning processes, analytical techniques and data, and locality, business, and human resource development, as well as advanced technology and sustainable economic development strategies.

Download or read book Families in Distress written by Malcolm Bush and published by Univ of California Press. This book was released on 2024-03-29 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1988.

Download or read book A Good Tax written by Joan Youngman and published by . This book was released on 2016 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: In A Good Tax, tax expert Joan Youngman skillfully considers how to improve the operation of the property tax and supply the information that is often missing in public debate. She analyzes the legal, administrative, and political challenges to the property tax in the United States and offers recommendations for its improvement. The book is accessibly written for policy analysts and public officials who are dealing with specific property tax issues and for those concerned with property tax issues in general.

Download or read book Cities in Full written by Steve Belmont and published by American Planning Association. This book was released on 2002 with total page 558 pages. Available in PDF, EPUB and Kindle. Book excerpt: Three decades ago, urban America was troubled by escalating crime rates and a fleeing middle class, but conditions in many cities were enviable then compared to now. Some are so damaged that to restore them to their 1970 condition seems an insurmountable task, and true revitalization may seem unimaginable to those who control their fate. Yet, all is not lost. Cities in Full explores the great potential of the American city and outlines essential elements necessary for its revitalization. Steve Belmont embraces Jane Jacobs' much acclaimed prescription for urban vitality-high densities, mixed land uses, small blocks, and variously aged buildings. This book examines neighborhoods that adhere to precepts and those that do not and compares the results. He examines the destructive forces of decentralization and shows how and why they must be turned into forces of renewal. The author outlines an agenda for recentralizing commerce, housing, and transportation infrastructure and discusses how recentralization is affected by poor social and economic conditions. The author analyzes the deficiencies of current low-income housing policy and offers a strategy more favorable to cities and their metropolitan areas. Belmont exposes neighborhood political forces that sometimes thwart a city's best interests and offers an ambitious blueprint for renewal that includes creating middle and upper income housing at moderate and high densities; revitalizing neighborhood commercial streets with an urban spirit; building new centralized infrastructure; and transforming the public realm to attract the middle class. Exhaustively researched and well illustrated, this book is an invaluable resource for planners dedicated to reviving American cities.

Download or read book The Empty House Next Door written by Alan Mallach and published by . This book was released on 2018-05 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Renowned city planner and housing advocate Alan Mallach presents effective strategies for community leaders, local officials, and nonprofits contending with vacant properties in the United States. Examples illustrate creative ways to reduce the harm caused by vacant properties, jump-start housing markets in struggling neighborhoods, create the potential for future revival, and transform vacant properties into community assets.

Download or read book Reports of Selected Cases Decided in Courts of the State of New York Other Than the Court of Appeals and the Appellate Division of the Supreme Court written by and published by . This book was released on 1976 with total page 1196 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book New Jersey Register written by and published by . This book was released on 2008 with total page 950 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Reflective Retirement written by Thomas Murphy and published by Lulu.com. This book was released on 2014-02-27 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reflective recounting of youthful years and a working life spent in Buffalo NY, as well as the joys and contentment found during retirement years in Florida

Download or read book U S Master Property Tax Guide written by and published by . This book was released on 2003 with total page 664 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Discrimination in Federally Assisted Housing Programs written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Housing and Community Development and published by . This book was released on 1986 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: