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Tax Expenditure Limitations (Tels) And State Expenditure Structure, Jeffrey M. Kulik
Tax Expenditure Limitations (Tels) And State Expenditure Structure, Jeffrey M. Kulik
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Background: Tax Expenditure Limitations (TELs) are limits placed on either outlays of cash or creation of new revenues via tax levy by states. There have been many TEL initiatives since the so-called Taxpayer Revolt of the late 1970s.
Purpose: This paper analyzes the impact of TELs on different types of state expenditures. This study provides a comparative analysis of different types of TELs on the state level and aims to evaluate the effect of TEL policy on state expenditure structures.
Methods: Using panel data analysis, this work finds that states with more stringently binding tax and expenditure limitations-in addition to …