The American Society for Public Administration, in partnership with Florida International University, is pleased to announce a webinar taking place this coming Tuesday, January 18 at 1 p.m. EST: Disclosure of Tax Expenditure in State Budgeting. This webinar is the second in a three-part series, Keeping Current: An FIU Series, and will focus on state and local tax disclosures. Registration is free and open to the public.
Tax expenditures are generally defined as foregone revenues resulting from legal provisions that provide preferential tax rates, exemptions, rebates and credits. Reporting practices for tax expenditures vary by state, with some not publishing or disclosing any information. There is also a lack of consensus regarding tax expenditure definition and measurement. This webinar will look at a project that initiates a disclosure index of tax expenditures in state budgeting with an emphasis on reliability and comparability across jurisdictions. The model further examines compliance with GASB Statement 77, which requires state and local governments to disclose tax abatements in their financial statements. Finally, it will address transparency practices, data obfuscation, and tax base stressors.
– Howard Frank, Director, Perez Metropolitan Center, Florida International University
– Sukumar Ganapati, Moderator, Associate Professor, Florida International University
– Hai (David) Guo, Associate Professor, Florida International University