Of course, the seeming necessity of such cuts might be seen as an argument against hard budget constraints for sub-national governments, but, assuming such constraints, it seems reasonable to assume that the least fortunate will disproportionately benefit from a more stable tax base
just as they now suffer disproportionately from an unstable one.
Certain state-specific addition and subtraction modifications are then applied to arrive at the state tax base
The City of North Bay has made cuts to offer one-third less on the industrial tax base
, but Wilson finds no evidence of new companies coming North.
There was a marked difference in the components of the franchise tax base
for domestic and foreign corporations.
In computing Pennsylvania's franchise tax, Unisys calculated its tax base
with regard to its own net worth and average income, using a three-factor apportionment formula taking into account its own payroll, tangible property, and sales for those years.
The Agreement contains a library with definitions of the tax base
that a state has to adopt in its statutes and regulations if a particular definition appears in its sales and use tax statutes.
The Consultation Document acknowledges that IAS accounts would serve, at most, as a starting point for arriving at a tax base
and not the tax base
State and local governments will use common tax bases
and accept responsibility for notice of rate and boundary changes.
Exhibit 1, page 46, compares the important aspects of each one, plus the Gephardt proposal, emphasizing how the tax base
, rates and credits differ.
Finally, a significant deduction is allowed that limits the tax base
to no more than 50% of adjusted gross receipts.