Download or read book Local Development and Tax Abatements written by Anthony Lupo and published by . This book was released on 2000 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Impact of Local Tax Policy on Urban Economic Development written by Roy W. Bahl and published by . This book was released on 1980 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Information Bulletin explores the effects of local tax policy on urban economic development. The paper is practitioner-oriented and addresses the question of how local officials might best think through the advisability of adjusting local taxes to stimulate community job formation.

Download or read book The use of tax abatements as a form of local economic development written by Roger Arriaga and published by . This book was released on 1998 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Money for Nothing written by Gary Sands and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although widely utilized, industrial property tax abatements have a dubious record of accomplishments. In addition to failing to deliver promised jobs and investments, tax abatements appear to contribute to urban sprawl, impose substantial cost burdens on older municipalities and have limited positive effects on community economic health, This book uses Michigan's Industrial Facilities Tax abatement program to develop policy recommendations to make the use of these incentives more efficient and equitable.

Download or read book Property Tax Abatement and Local Economic Development written by Donald A. Coffin and published by . This book was released on 1980 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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 Guide to the Structure of Property Tax Abatements in the United States written by John L. Mikesell and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax Incentives tax Abatements in Southeast Michigan written by and published by . This book was released on 1990 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax Abatements written by Ed Kelly and published by . This book was released on 1979 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Literature Review written by Luke Middleton and published by . This book was released on 2001 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Municipal Use of Tax Incentives for Economic Development written by and published by . This book was released on 1988 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Bidding for Business written by John Edwin Anderson and published by W.E. Upjohn Institute. This book was released on 2000 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation Anderson and Wassmer (economics, U. of Nebraska-Lincoln and public policy and administration, California State U.-Sacramento, respectively) examine the use and effectiveness of local economic development incentives within a region or metropolitan area through a case examination of Detroit, Michigan. Annotation copyrighted by Book News, Inc., Portland, OR.

Download or read book Property Tax Abatements for Economic Development written by Joel Michael and published by . This book was released on 2006 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax Abatement written by and published by . This book was released on 1986 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Evaluating the Structural Effects of Property Tax Abatements on Economic Development Across Industries written by Yu-Che Chang and published by . This book was released on 2001 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book How Effective Are Property Tax Abatements The Case of Michigan written by Sung Hoon Kang and published by . This book was released on 2013 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we examine the effects of industrial property tax abatements on industrial property value growth using data from a panel of 152 communities in the five counties surrounding Detroit in southeast Michigan over the period 1983 to 2002. We use a spatially lagged X model to account for potential fiscal spillover effects of competitor policy changes on one's own industrial property value growth. We account for local government competition in the region by using migration patterns as a basis for determining competitor communities opposed to the traditional approaches that use distance or population size. We find that localities that offer tax abatements yield statistically significant positive impacts on industrial property value growth and the impacts are larger in high tax than in low tax communities. However, the benefits of tax abatements are quite small as compared to the cost of offering tax abatements. Also, tax abatements offered in competitor communities do not appear to influence own industrial property value growth. Finally, we find that changes in property tax rates are important for industrial property value growth.

Download or read book Louisiana Architecture written by Jonathan Fricker and published by University of Louisiana. This book was released on 1998 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction to architectural styles that have shaped Louisiana's landscapes.