Tax and Fiscal Policy
Task Force Description
The ALEC Tax and Fiscal Policy Task Force is dedicated to researching and promoting sound 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 several Subcommittees that examine specific policy areas in detail. These areas include fiscal policy reform, internet taxation, education finance, and public pensions.
The ALEC Tax and Fiscal Policy Task Force is working to provide economically viable, fiscally responsible, and free market solutions to promote economic growth.
Policies for Sunset Review
All Model Policies
Statement of Principles on Truth in Property Taxation Guiding Principles: Utah’s Example Utah enacted its Truth in Taxation law in 1985 to provide a solution to taxpayer unrest from ever-increasing property taxes. Accountability – While Utah’s law does not limit property taxes, it makes local elected officials think …
WHEREAS, the power to tax is the fuel of self-governance; WHEREAS, the right and authority of state and local governments to promote the highest value and use of land is fundamental to funding education and other essential government services; WHEREAS, the federal government still controls more than [INSERT RELEVANT PERCENTAGE] …
WHEREAS, the federal government currently offers a tax credit of $7,500 each for certain types of vehicles up to a threshold of 200,000 per automobile manufacturer; and WHEREAS, tax credits for politically favored companies or products distort markets and encourage additional lobbying for government favors; and WHEREAS, tax credits …
Summary The collection and reporting on the use of public grants is an important tool for properly stewarding tax dollars. The purpose of this Act is to improve transparency and accountability in the state grant making process by creating a publicly accessible web portal containing categorized expenditure information detailing the …
Foregone property tax evaluation procedures. • As used in this section: (a)(i) “Federally controlled land” means any land within the exterior boundaries of the state that is controlled by the United States government for the entire taxable year. (ii) “Federally controlled land” does not include: • A …
Summary: Prior to the South Dakota v. Wayfair ruling from the United States Supreme Court, a long line of Supreme Court precedent reaffirmed that the Commerce Clause of the United States Constitution prohibited states from requiring an entity to collect sales taxes on the state’s behalf unless the entity has …