The fiscal problem in Missouri

Bibliographic data

Monograph

Identifikator:: 1833271335

URN:: urn:nbn:de:zbw-retromon-230042

Document type:: Monograph

Title:: The fiscal problem in Missouri

Place of publication:: New York

Publisher:: National Industrial Conference Board, Inc.

Year of publication:: 1930

Scope:: xvi, 359 S.

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter IV. State and local tax revenues

Collection:: Economics Books

STATE AND LOCAL TAX REVENUES 105 derived from sources within the state.! The purpose of the amendment was to remove discriminations between resident and non-resident individuals and between corporations and individuals. The result was a narrowing of the tax base. The law was again amended in 1929, and again residents were taxed on net income whether derived from sources within or without the state.? The latter change was necessi- tated by the need for additional revenue. Changes in the statutes affecting the tax base, variations in the efficiency of administration, and the trend in business conditions all have their effect on receipts from the general income tax. When there are three variables it is difficult to designate any one as predominant during a short period. The incorporation or organization tax and the private car tax? are classified as other special taxes in Table 31. The receipts from other special taxes in no year of the period amounted to as much as 29, of the tax revenues of the state. By far the largest part of the totals given in the table is accounted for by the incorporation tax. In 1928 the receipts from the incorporation tax amounted to $329,396, and those from the private car tax amounted to $69,546. Since 1924 the gasoline tax has been an important source of state revenue. In the first year in which the gasoline tax law was in effect the receipts exceeded $4.1 million and in 1928 reached $6.6 million. The increase during the four- year period amounted to almost 60%. In 1926, 1927, and 1928 this tax accounted for about 209, of the total tax revenues of the state. In 1925, which was the first year in which the gasoline tax was levied, it ranked third in the amount of state revenue produced, being exceeded only by motor vehicle licenses and the general property tax. In the later years the gasoline tax ranked second and was exceeded only by motor vehicle licenses. The revenue from motor vehicle licenses amounted to $8.6 million in 1928, a sum approximately 309%, greater than 1 Session Laws, 1927, p. 476. 2 Session Laws, 1929, pp. 423 f. In the preceding chapter this tax was considered in the section on the general oroperty tax. The base for the tax is property, and the rate is the approximated average general property tax rate throughout the state. However, this tax is ‘ncluded under “other special taxes” by the United States Bureau of the Census, and for the sake of uniformity in later sections no change is desirable.

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