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

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter IV. State and local tax revenues

Collection:: Economics Books

106 THE FISCAL PROBLEM IN MISSOURI that obtained from any other source in that year and con- siderably more than twice as much as was received from the same source in 1923. The increase since 1923 has been grad- ual, except in 1925, when the receipts exceeded those for the preceding year by a large amount. In 1925 motor ve- hicle licenses for the first time became the most important source of state revenue. Since that time this source of revenue has ranked first by a wide margin, and in all years later than 1923 it accounted for 25%, or more of the tax revenue of the state. The highest proportion was attained in 1925, when 28.39%, of the state tax revenue was obtained from motor vehicle licenses. When’ the receipts from the gasoline tax and motor ve- hicle licenses are considered jointly, it is found that for the years during which the gasoline tax has been in effect the combined receipts from the two sources amounted in each year to at least 44%, of the total tax receipts of the state. The proportion attributable to these sources remained practically stationary for the four-year period 1925 through 1928. Business licenses, including the foreign insurance company tax and the express company tax, accounted for almost $3.0 million in 1928. There has been a rather steady increase in the volume of receipts from these sources, but the increase has been more gradual than in the case of total taxes, with the result that the proportion of the total attributable to business licenses has been declining. In 1928 the business license classification accounted for 8.79, of the tax revenues of the state. Considering the period 1923 through 1928 as a whole, three important facts are noteworthy. First, the receipts from the general property tax showed a large relative de- cline; second, income tax collections increased during the earlier years of the period, but declined during the latter years both absolutely and in relation to total taxes; third, motor vehicle taxation assumed first place in the revenue system of the state. When it is remembered that highway finance has predominated in the fiscal affairs of the state in recent years, the increase in motor vehicle taxation seems entirely logical.

Access restriction

Copyright

fullscreen: The fiscal problem in Missouri

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation