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 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 An Accountability Budget for Illinois written by Illinois. Governor and published by . This book was released on 1970 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Property Tax School Funding Dilemma written by Daphne A. Kenyon and published by Lincoln Inst of Land Policy. This book was released on 2007 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: States experiencing taxpayer revolts among homeowners are tempted to reduce reliance on the property tax to fund schools. But a more targeted approach can provide property tax relief and improve state funding for public education. This policy focus report includes a comprehensive review of recent research on both property tax and school funding, and summarizes case studies of seven states-- California, Massachusetts, Michigan, New Hampshire, New Jersey, Ohio and Texas. The majority of these states are heavily reliant on property tax revenues to fund schools. While there is no one-size-fits-all solution, the report recommends addressing property taxes and school funding separately.

Download or read book Publications of the State of Illinois written by Illinois. Office of Secretary of State and published by . This book was released on 1976 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Report and Recommendations to Governor and General Assembly written by Illinois. Commission for Economic Development and published by . This book was released on 1971 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book REPORT written by Illinois. Dept. of Audits and published by . This book was released on 1973 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Publications of the State of Illinois written by and published by . This book was released on 1985 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Hearings Reports and Prints of the Senate Committee on Government Operations written by United States. Congress. Senate. Committee on Government Operations and published by . This book was released on 1978 with total page 1942 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book S 704 the Gambling Impact Study Commission written by United States. Congress. Senate. Committee on Governmental Affairs and published by . This book was released on 1996 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Illinois Appropriations written by Illinois. Comptroller's Office and published by . This book was released on 1970 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Classification Scheme for Illinois State Publications written by Clara D. Keller and published by . This book was released on 1973 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Appropriations written by Illinois. Bureau of the Budget and published by . This book was released on 1970 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Research Memorandum written by Illinois. General Assembly. Legislative Council and published by . This book was released on 1970 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book National Transportation Policy written by United States. Congress. Senate. Committee on Interstate and Foreign Commerce and published by . This book was released on 1961 with total page 764 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book National Transportation Policy written by United States. Congress. Senate. Committee on Commerce and published by . This book was released on 1961 with total page 758 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Laws of the State of Illinois Enacted by the General Assembly at the Extra Session written by Illinois and published by . This book was released on 1971 with total page 1864 pages. Available in PDF, EPUB and Kindle. Book excerpt: