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State or local taxable bond financing used to effect ad valorem property tax exemptions. Tax increment financing, allocating all or a portion of new taxes (i.e., ad valorem property taxes, sales taxes) generated by projects or capital investment for the direct or indirect benefit of a private enterprise.
Local officials have the ability to influence the rate of change of property taxes that are used to fund local expenditures, including education. [ 10 ] Due to the varied levels of income throughout states and within local communities, education funding suffers from inequalities where some communities have excessive funding and others are ...
In 1969, voters twice rejected the local schools’ request for 9.6 mills of tax money in the form of a 4.5 mill renewal request and an additional 5.1 mill levy.
The study said pro-growth Kennedy-Johnson "Growth Liberals" cut federal income taxes in the highest brackets in the 1960s while local officials raised regressive state and local taxes, creating a "pocketbook squeeze" that made voters less likely to approve local levies and bonds, which eventually led to the passage of Proposition 13.
Yesterday I blogged about a recent study by The Tax Foundation ranking state by the rate of state plus local taxes residents of each state paid. One commenter mentioned that there was a ...
All but five states impose sales and use taxes on retail sale, lease and rental of many goods, as well as some services. Many cities, counties, transit authorities and special purpose districts impose an additional local sales or use tax. Sales and use tax is calculated as the purchase price times the appropriate tax rate.
Thousands of South Carolina students received $6,000 this year to attend a school of their choice. The new state program is expected to expand in coming years. Too many families paid taxes to lift ...
Specific utility taxes - in this case, certain services are provided on a utility basis and consumers are charged fees, user charges, or tolls. Taxes instead of fees - In cases where direct fees are costly to impose, a tax on the free product can be used instead of fees. For example, taxes can be used in lieu of tolls on automobiles.