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Tax Exempt Property And The Cities
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Book Synopsis Tax Exempt Property and the Cities by : Richard D. Pomp
Download or read book Tax Exempt Property and the Cities written by Richard D. Pomp and published by . This book was released on 2017 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: All states grant a property tax exemption to certain non-profit organizations. Tax-exempt property further erodes many cities' tax bases. Connecticut has recently adopted legislation in an attempt to solve this problem. This legislation, proposed by Professor Richard D. Pomp, provides municipalities with state subsidies for property taxes lost due to tax-exempt hospitals and colleges.This article is the reprinted testimony of Professor Pomp before the Connecticut State Finance Committee. Professor Pomp outlines the proliferation of tax-exempt property in Connecticut, which contributes to forgone revenue for major cities. Tax-exempt property not only results in diminished tax revenue, but also imposes additional costs on cities. Professor Pomp further explains that tax-exempt organizations provide no greater net economic impact than businesses that pay the property tax. Professor Pomp analyzes three relevant questions that must be asked when considering alternatives to the current system. He concludes by proposing seven alternative options: (1) municipal permission before any taxable property can be purchased by a tax-exempt organization, (2) phase in the exemption whenever taxable property is bought by a tax-exempt organization, (3) phase out the exemption after a certain period, (4) limit the number of acres qualifying for the exemption, (5) set a dollar limit on the amount of property that can be exempt, (6) impose a user charge, or (7) state payments to jurisdictions containing tax-exempt property in excess of the state average.
Book Synopsis Real Estate Tax Exemption in New York City by : Citizens Budget Commission (New York, N.Y.)
Download or read book Real Estate Tax Exemption in New York City written by Citizens Budget Commission (New York, N.Y.) and published by . This book was released on 1967 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Tax Exemptions on Real Estate by : Westchester County (N.Y.). Chamber of Commerce
Download or read book Tax Exemptions on Real Estate written by Westchester County (N.Y.). Chamber of Commerce and published by . This book was released on 1922 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Property Tax Exemptions in Connecticut Towns and Cities by : University of Connecticut. Institute of Public Service
Download or read book Property Tax Exemptions in Connecticut Towns and Cities written by University of Connecticut. Institute of Public Service and published by . This book was released on 1955 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Tax Exempt Property in Cities of the Third Class by : M. M. Chudy
Download or read book Tax Exempt Property in Cities of the Third Class written by M. M. Chudy and published by . This book was released on 1949 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Study of Real Estate Tax Exemption in the City of New York by : Walter J. Klink
Download or read book A Study of Real Estate Tax Exemption in the City of New York written by Walter J. Klink and published by . This book was released on 1962 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Survey of Tax-exempt Real Property in Pennsylvania Cities by : Pennsylvania League of Cities
Download or read book A Survey of Tax-exempt Real Property in Pennsylvania Cities written by Pennsylvania League of Cities and published by . This book was released on 1971 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Property-tax Exemption for Charities by : Evelyn Brody
Download or read book Property-tax Exemption for Charities written by Evelyn Brody and published by The Urban Insitute. This book was released on 2002 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contributors in municipal studies, law, and philanthropic studies discuss property-tax exemption for charities and how public perception on property-owning charities differs from reality. They survey the legal and political landscape of property-tax exemption for nonprofit organizations, examine the development of the current structure of nonprofit property-tax exemption and its legal rationales, and assess mechanisms adopted by local municipalities to offset some of the revenue lost because of exempt properties. Material originated at the December 1997 26th Annual Conference of the Association for Research on Nonprofit Organizations and Voluntary Action. Annotation copyrighted by Book News, Inc., Portland, OR.
Book Synopsis Quadrennial Statement to the General Assembly of Property Exempted from Taxation by : Connecticut. Tax Department
Download or read book Quadrennial Statement to the General Assembly of Property Exempted from Taxation written by Connecticut. Tax Department and published by . This book was released on 1918 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Exemption of Personal Property by : Joseph S. Schwab
Download or read book Exemption of Personal Property written by Joseph S. Schwab and published by . This book was released on 1914 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Collision Between Non-Profits and the Cities Over the Property Tax by : Richard D. Pomp
Download or read book The Collision Between Non-Profits and the Cities Over the Property Tax written by Richard D. Pomp and published by . This book was released on 2017 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many cities have their property tax bases eroded by the high percentage of exempt non-profit entities. Some of these entities are justified in their tax-exempt status, but many are not. This chapter in Property Tax Exemptions for Charities: Mapping the Battlefield, applauds efforts to reform the property tax exemption for non-profits in cities. The chapter proposes a narrow definition of “non-profit” in order to increase the amount of taxable property in cities, eliminating low-income cities subsidizing higher-income suburbs. The chapter proposes seven politically realistic proposals for reforming the property tax exemption for “non-profits” within the existing legal structure, as opposed to the politically unpalatable, and perhaps unconstitutional elimination of the property tax exemption in favor of explicit cash subsidies.
Download or read book The Free List written by Alfred Balk and published by Russell Sage Foundation. This book was released on 1971-01-31 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: A recent Supreme Court decision confirmed the churches' right to tax exemption for religious property. In this highly relevant book, Alfred Balk places this question in social perspective and demonstrates how tax exemption and immunity affect the fiscal load of local communities and the well-being of our whole society. Among the "free list" or tax-free properties which the author examines are churches, hospitals, schools, and government buildings. Seven specific proposals for reform are set forth.
Book Synopsis Real Property Tax Exemptions in Kentucky by : Stephen Lile
Download or read book Real Property Tax Exemptions in Kentucky written by Stephen Lile and published by . This book was released on 1976 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Rethinking Property Tax Incentives for Business by : Daphne A. Kenyon
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.
Book Synopsis Exemptions from Real Property Taxation in New York State by :
Download or read book Exemptions from Real Property Taxation in New York State written by and published by . This book was released on 1987-04 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Wisconsin. Legislature. Legislative Council. Special Committee on Tax Exemptions for Residential Property (Columbus Park) Publisher :Legislative Reference Bureau ISBN 13 : Total Pages :28 pages Book Rating :4.:/5 (89 download)
Book Synopsis Special Committee on Tax Exemptions for Residential Residential Property (Columbus Park) by : Wisconsin. Legislature. Legislative Council. Special Committee on Tax Exemptions for Residential Property (Columbus Park)
Download or read book Special Committee on Tax Exemptions for Residential Residential Property (Columbus Park) written by Wisconsin. Legislature. Legislative Council. Special Committee on Tax Exemptions for Residential Property (Columbus Park) and published by Legislative Reference Bureau. This book was released on 2005 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Property tax exemptions in Connecticut towns and cities [by] Beldon H. Schaffer [and] Patricia Stuart by :
Download or read book Property tax exemptions in Connecticut towns and cities [by] Beldon H. Schaffer [and] Patricia Stuart written by and published by . This book was released on 1955 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: