The argument of this paper can be recast as follows: The decline of the property tax base
is partially a result of contingent factors that have caused the property tax base
to decline more than optimally.
97, which identifies specific state taxes that have to be added back to Federal taxable income in computing the corporate tax base
It is unlikely that these issues will disappear even if a common tax base
But taxpayers also must consider what would be included in the tax base
, how government spending might change and how other taxes, such as employment and estate and gift taxes, are handled.
97-SBE-010 (5/8/97), the taxpayer asked the SBE to expand its holding in Dayton Hudson to encompass situations in which there is no cost of goods sold in the MSBT tax base
for a particular taxpayer.
growth has averaged just over 13% annually for the past five fiscal years, and the increase for fiscal 2007 was more than 15%; estimated full cash value exceeded $10 billion for the year.
For businesses, the SBT is easy to budget, as typically 85%-95% of the tax base
is made up of compensation, benefits, interest expense and tax depreciation (which usually do not vary that much each year).
Historically a rural community, the township's proximity to regional employment centers and affordable housing attracts residential and commercial development, fostering tax base
growth averaging 9.
Assume, for example, that the gross profit tax base
found in the VAT were extracted and substituted for the present U.
Although the district's tax base
is primarily residential, the commercial component represents almost one-fourth of the value.
Accordingly, if both the LLC and its owners are taxable in Florida, the LLCs income is subject to double taxation--the LLC itself is subject to Florida tax and the LLCs income is included in the corporate owners' Florida tax base
The 'A' rating reflects the district's conservative fiscal management, healthy financial position despite rapid growth pressures, and solid, diverse tax base
with growth benefiting by the district's proximity to the Austin-San Marcos area economy.