Tax and Fiscal Policy
Task Force Description
The ALEC Tax and Fiscal Policy Task Force is dedicated to researching and promoting sound economic policy aimed at creating a pro-growth atmosphere in state economies. Policies that promote economic growth and increase state competitiveness are achieved by reducing excessive government spending and limiting the overall tax burden. The Task Force’s legislative members are at the forefront of developing sound, fiscally responsible, and free market tax and fiscal policies to address the needs that the states now face.
The Task force has pioneered policies that increase budget transparency, promote state spending limitations, require super-majorities for tax increases, implement dynamic revenue forecasting, and many more. The Task Force has four Subcommittees that examine specific policy areas in detail. These areas include fiscal federalism issues, internet taxation, state budget reform, and public pensions.
A recent survey of state legislators indicated that tax policy was their top concern. Now is a time when state debt is mounting, budgets are tightening, and states are looking to become more economically competitive. The ALEC Tax and Fiscal Policy Task Force is working to provide economically viable, fiscally responsible, and free market solutions to promote economic growth.
All Model Policies
[TITLE] BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF [State]: SECTION 1. [relevant state code sections] are amended to read as follows: SECTION 1.1. LIMIT (a) The rate of growth of appropriations in a state fiscal [year or biennium] from: (1) all state revenues and (2) …
An Act Relating to Online Lodging Marketplaces – Establishing Statewide Standards, Protecting Privacy, and Enabling Efficient Tax Remittance Final
Section 1 – Definitions “Lodging Marketplace” means a person that provides a platform through which an Unaffiliated Third Party offers to rent a Vacation Rental or Short-Term Rental to an occupant and collects the consideration for the rental from the occupant. For the purposes of this paragraph: “Unaffiliated Third Party” …
An Act to create [section ______] of the statutes; relating to: [state legislative budget bureau] reports on federal funds in the state budget, and the conditions attached by federal law and federal regulation thereto, including related guidance. The people of the state of [state_____], represented in senate and assembly, do enact as follows: Section [_____] …
Section 1. Definitions [Appropriately designated section number] of the statutes is created to read: (1) “Hotel” means any structure or space, or any portion thereof, that: (a) Is occupied, or intended or designed for occupancy, by transients for dwelling, lodging, or sleeping purposes; and (b) Accepts on-site reservations for accommodations; …
WHEREAS, personal property taxes are ad valorem taxes on all property other than real property (i.e., property that is unaffixed or movable); and WHEREAS, though the name suggests that personal property taxes are paid by individuals, the majority of the tax liability falls on business due to the broad exemptions …
Stability – Government pensions should be secure and safe from high risk assumptions. State and local governments should eliminate incentives to underfund pension commitments, or to over-expend benefits beyond available revenues. Predictability – The pension obligations of states should be predictable and structured to foster certainty for taxpayers and policymakers.