1 edition of Measures of state and local fiscal capacity and tax effort found in the catalog.
Measures of state and local fiscal capacity and tax effort
|Statement||Advisory Commission on Intergovernmental Relations.|
|Contributions||United States. Advisory Commission on Intergovernmental Relations.|
|LC Classifications||HJ275 .A44|
|The Physical Object|
|Pagination||x, 150 p. :|
|Number of Pages||150|
|LC Control Number||63060107|
Fiscal Capacity and Effort Measures Fiscal capacity is a concept developed by the U.S. Advisory Commission on Intergovernmental Relations (ACIR) to measure the relative revenue-raising abilities of States and their local governments, including taxes and nontax revenues, such as user charges. ACIR defines fiscal capacity as the relative amount. This article attempts to measure tax capacity and tax effort of fourteen major Indian states from – to – using stochastic frontier analysis. It shows that the variation across states in tax effort is wide and increasing over time.
likely source of burdens on other property sessing the default risk of state and local owners in the form of higher tax rates and/ governments [Benson, et al., or lower public service levels, it is con- Frequently, a tax effort index is relied ceivable that partial exemptions may be upon as an indicator of fiscal . enue capacity measures the resources its state and local governments can tap to for public services. Fiscal capacity assesses each state’s ability to raise revenues rel-ative to its expenditure needs. This is the first such study undertaken by the Tax effort if its actual revenues (tax collections).
This study analyzes the tax effort of 17 Indian states as a means of creating fiscal space. Four individual state-level taxes—stamp duty and registration fees, state sales tax, state excise duty and motor vehicles tax—are studied as well as the total own-tax revenue of states. Representative tax system (RTS). To measure state tax capacity, the Advisory Commission on Intergovernmental Relations (ACIR) applies the average tax rate on income, consumption, and real property over all states to each states tax bases. The ACIR produced the RTS between and Total taxable resources (TTR).
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MEASURING FISCAL CAPACITY Tax effort is a relative measure and cannot be determined without some concept or measure to 1Tax capacity is a more common element of state-aid programs than tax effort. In several states, both capacity and effort are jointly considered through aid programs that require or expect a minimum level of local tax.
Genre/Form: Government publications: Additional Physical Format: Online version: Measures of state and local fiscal capacity and tax effort. [Washington, D.C.]: U.S. Additional Physical Format: Print version: Measures of state and local fiscal capacity and tax effort.
[Washington, D.C.]: U.S.G.P.O., (DLC) RTS estimates how much revenue each state and its localities would raise if it levied the national average tax rate for commonly used state and local taxes.
The author considers the strengths and weakness of RTS as a measure of fiscal capacity and examines state rankings and trends since Cited by: Tax Capacity and Effort of.
Local Governments in Maryland. 5, 1. Objectives • Review ways to measure and compare the taxing ability of local governments • Demonstrate how State aid offsets fiscal disparities among local jurisdictions • Tax Effort Index measures the extent to which the local tax.
local government using State average tax rates • Tax Effort Index measures the extent to which the local tax base is actually taxed • Combined Capacity Index identifies the extent to which State aid offsets tax capacity differences • Local Tax Revenuesmeasured in this analysis include both county and municipal property and income taxes.
Understanding Measures of Tax Effort and Tax Capacity. Many states incorporate measures of tax capacity and tax effort in their school funding formulas so the state government has a rational basis for providing additional aid to school districts with fewer local resources to fund schools.
Pennsylvania historically has used the market value of real estate as an important element in measuring school district capacity and tax effort in relationship to capacity. This paper attempts to measure the tax capacity and tax effort of 14 major Indian states from to using Stochastic Frontier Analysis.
State Fiscal Capacity and Tax Effort. representative tax system literature the focus is on the specific tax capacity measures and how the obtained coefficients of these measures relate to overall tax capacity (Bahl, ).
collections as a measure of fiscal capacity would thus give subnational governments an incentive to lower tax rates and exert a lower degree of fiscal effort. For each measure of fiscal capacity considered in this note, we will discuss whether this measure is “incentive compatible” or not, meaning whether the measure.
the difference between these two measures—the fiscal gap at capacity. We found that states vary widely in their revenue capacity and expenditure need.
For example, in fiscal yearrevenue capacity ranged from roughly $4, per state resident in Mississippi to. have the same tax-to-GDP ratio, their fiscal capacity is arguably different. Other tax-effort based indicators do not provide better measures of fiscal capacity either.
A higher share of income taxes in total taxes may simply reflect a culture of tax compliance (that is, lack of tax evasion) in the country and does not tell us anything. Revised Tables For Appendix A Of ACIR Report M Measuring The Fiscal Capacity And Effort Of State And Local Areas As was noted on page 94 of ACIR Report M, the accurate computation of per capita measures for sub-county areas was hindered by the.
This informatioh report, Measuring State Fiscal Capacity: Alternative Methods and Their Uses, presents estimates for of tax capacity and tax ef- fort according to the Representative Tax System and Representative Revenue Sys- tem, estimates for through for Gross State Product and Total Taxable Resources, and estimates of Gross State Product for earlier selected years.
3ACIR, Measures of State and Local Fiscal Capacity and Tax Effort: A Staff Report, (Wash-ington, D.C.: U.S. Government Printing Office, October ). 4Allan D. Manvel, "Differences in Fiscal Capacity and Effort: Their Significance for a Federal Revenue-Sharing System," National Tax Journal, Vol.
XXIV, No. 2, June and. Abstract. The States with low taxable capacity need special help in terms of more funds for providing the social and economic services. In addition to ‘equalization’, another important consideration in a sound federal fiscal transfer scheme is for ‘relative tax effort’.
Fiscal capacity is the ability of the state to extract revenues to provide public goods and carry out other functions of the state, given an administrative, fiscal accounting structure.
In economics and political science, fiscal capacity may be referred to as tax capacity, extractive capacity or the power to tax, as taxes are a main source of public revenues.
tax capacity estimates account for twenty-six different state-local tax bases that, in the aggregate, furnished these governments with 97 percent of their tax revenue. By providing a broader measure of state fiscal capacity, the RTS also forms the basis for computing a more accurate measure of state tax effort.
Advisory Commission on Intergovernmental Relation (ACIR) (). Measure of state and local fiscal capacity and tax effort. Washington, DC: U.S. Government Printing Office. Google Scholar; Advisory Commission on Intergovernmental Relation (ACIR) ().
Measuring state fiscal capacity: Alternative methods and their use. Tax effort is defined as the ratio between a country’s actual tax collection and its taxable capacity. The concepts of taxable capacity and tax effort are also extended to measure total fiscal revenue capacity and fiscal revenue effort (including tax and non-tax fiscal revenues).
This study presents a scheme for yearly, comparative, computation of state and local government tax capacity and effort. Figures for all states for fiscal year are presented in extensive tables. The system used is a simplified version of the Representative Tax System, which identifies tax bases, determines national average tax rates for those bases, and uses these figures to determine.
Detailed measures of state and state plus local tax effort over the two decades are available in the Publius website as tables B and C. 13 The measures reported in these tables provide several important insights into behavior of devolved revenue authority in .fiscal capacity of each state from the s to the s.
An index was calculated for most of the commonly used state tax sources as well as an overall index combining all the measured taxes. Each state’s effort and capacity indexes were published as well as the overall index of fiscal capacity.
The Representative Tax System (RTS) developed.