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 XI. Sources of additional revenue

Collection:: Economics Books

SOURCES OF ADDITIONAL REVENUE 321 initial rate, the subsequent rates which were in effect and the rate as of January 1, 1930, the date on which it became effective, and the use made of the proceeds according to the laws in effect on January 1, 1930. Various interesting comparisons are suggested by this table. No state levies a lower tax on gasoline than Missouri. Of the states that have been used for purposes of comparison with Missouri in this study, only Wisconsin levies a two-cent tax. The two-cent tax has been in effect a longer period of time in Missouri than in any other state which levies that rate of tax. The great majority of states provide for some system of dis- tribution of a part of the tax to the local governments. Many other specific comparisons might be made. 1f it is decided to increase the rate of the gasoline tax in Missouri and to apportion one half of the net receipts to the local governments, a number of factors might be considered in determining the bases for apportionment. Table 89 should be valuable in determining the most equitable system for Missouri, since it shows the factors in use in each state. Whatever factor or factors might be used, the system of distribution should provide for apportionments to cities, for two reasons. The cities would be the heaviest losers of revenue as a result of the exemption of intangibles from the general property tax. Also, in the interests of a uniform rate throughout the state they would be asked to forego the local taxes on gasoline that are levied at the present time. An increased tax on gasoline would necessitate a constitu- tional amendment, since the amendment approved in 1928 provided for the continuation of the two-cent rate for a period of ten years, unless the receipts for the purposes set forth in the amendment should prove to be inadequate. If, however, for various reasons increased taxation of gasoline is regarded as desirable, the necessity for an amendment should not be permitted to stand in the way. Ifitis pointed out that the gasoline tax is a dependable source of revenue and that increased local receipts from this source would compensate for the loss of revenue resulting from the present inequitable system of attempting to reach intangibles for the general property tax, the electorate of Missouri would doubtless be convinced of the equity and expediency of the change in question. Py

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