States and localities should carefully evaluate the incentives they offer to attract or retain business since such subsidies must be offset by higher tax burdens on consumers, oth
When considering bond financing, state and local policymakers should:
Although state and local sales taxes are major revenue raisers, they are regressive.
States and localities should include services in the taxable base to reduce regressivity and improve neutrality.
Exemptions from state retail sales taxes should be narrowly designed for the purposes of reducing their regressive nature and avoiding pyramiding.
To ensure equity in property taxation, assessors should use fair-market value as the starting basis for determining property values, so that owners of similar properties in
Property tax relief should be equitable, cost-effective, and targeted to homeowners with low and moderate incomes burdened by their property tax bill.