Join our mailing list!
(Your shopping cart is empty)
Diane Publishing Books
Subsidizing Infrastructure Investment with Tax-Preferred Bonds
Nathan Musick (au)
The fed. government supports infrastructure investment in a variety of ways. It spends money directly, makes grants to state and local governments for their capital spending and, through the tax system, subsidizes the borrowing of both of those levels of government as wellas certain private entities to finance infrastructure projects. However, the most common means of providing a tax subsidy for infrastructure investment — by offering a tax exemption for interest on state and local bonds — is generally viewed to be an inefficient way to subsidizestate and local borrowing, largely because the revenue cost to the federal government may exceed the interest-cost subsidy provided to state and local governments by a substantial amount. To inform the Congress in its deliberations about federal infrastructure policy, this study assesses the role of tax preferences in infrastructure investment in the U.S. It discusses the types of tax preferences for state and local bonds, reports the amount of such debt that has been issued for infrastructure projects undertaken by the public and private sectors,and estimates the importance of that debt financing to infrastructure investment. It also considers how the current system of tax preferences — which historically has relied primarily on tax exemptions for interest income on debt issued by states and localities — might change as aresult of greater use of tax-credit bonds. Figures.
Creole Flavors: Recipes for Marinades, Rubs, Sauces, & Spices
Competing for Employees: Proven Marketing Strategies for Hiring & Keeping Exceptional People
Where the Domino Fell: America & Vietnam, 1945 to 1990
New View of Self: How Genes & Neurotransmitters Shape Your Mind, Your Personality, & Your Mental Health
Rise of Life: The First 3.5 Billion Years
Share your knowledge of this product with other customers...
Be the first to write a review
Diane Publishing Co
PO Box 617
Darby, PA 19023-0617
Become an Affiliate
Send Us Feedback
Copyright ï¿½ 2004 Diane Publishing Company. All Rights Reserved.