Tax reform

This report discusses the 1986 Tax Reform Act's potential effects on the level of State and local spending, State tax structures, interstate tax competition, and State and local use of tax-exempt bonds.,The Level of State and Local Spending. After-Federal-Tax Cost of a State or Local Tax Dollar ; Linkage between Federal and State Income Tax Bases -- State Tax Structures. Linkage of Income Tax Bases ; After-Federal-Tax Cost of State and Local Tax Dollars -- Interstate Tax Competition -- State and Local Use of Tax-Exempt Bonds. General Eligibility Criteria for Tax-Exempt Status ; Exceptions to the General Eligibility Criteria ; Volume Restrictions ; Implications for Tax-Exempt Bond Volume -- Conclusions.,Dennis Zimmerman, Specialist in Public Finance, Economics Division,CRS 87-233 E,"March 20, 1987.",SuDoc# 14. 18/3