Download or read book The Feasibility of Replacing the Homeowners Exemption with an Income Tax Credit written by California. Legislature. Joint Legislative Budget Committee. Legislative Analyst and published by . This book was released on 1987 with total page 42 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 Journal of the Senate Legislature of the State of California written by California. Legislature. Senate and published by . This book was released on 1942 with total page 1880 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Senate Bill written by California. Legislature. Senate and published by . This book was released on 1983 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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 Annual Report written by California. Legislature. Joint Legislative Budget Committee. Legislative Analyst and published by . This book was released on 1986 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Taxation in Minnesota written by Roy Gillispie Blakey and published by . This book was released on 1932 with total page 652 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Journals of the Legislature of the State of California written by California. Legislature and published by . This book was released on 1987 with total page 1880 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Statistical Background Information Related to General Revenue Sharing written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1971 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book California State Publications written by California State Library and published by . This book was released on 1987 with total page 880 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Wisconsin Session Laws written by Wisconsin and published by . This book was released on 1977 with total page 1040 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Senate Final History written by California. Legislature. Senate and published by . This book was released on 1987 with total page 1106 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Committee Prints written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1971 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Statutes of California and Digests of Measures written by California and published by . This book was released on 1984 with total page 2336 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Journal of the House of Representatives of the United States written by United States. Congress. House and published by . This book was released on 1989 with total page 1412 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some vols. include supplemental journals of "such proceedings of the sessions, as, during the time they were depending, were ordered to be kept secret, and respecting which the injunction of secrecy was afterwards taken off by the order of the House."

Download or read book Journal of the Senate of Virginia written by Virginia. General Assembly. Senate and published by . This book was released on 1975 with total page 1048 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vols. for 1831/32-1940 include Senate documents.

Download or read book California Journal Newsfile written by and published by . This book was released on 1986 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: