National Tax Journal · 1986 · 13 citations · 0 references
Public AffairsPublic BudgetingPublic FinanceBudgetingPublic ExpenditureTaxationBudget ReportingGovernment BudgetingPublic Expenditure AnalysisState BudgetingState Tax AccountingTax ExpendituresFederal Government ReportingGovernment Expenditure ControlGovernment Expenditure ReportingState Budget ResourcesState Budgetary AccountingState Tax ReportingTax Expenditure AccountingTax Expenditure Budgeting
In recent years, states have developed and improved budget oversight tools to strengthen control over public expenditures. However, despite these efforts, there is an area of the budget that routinely escapes rigorous inspection. This is the large allocation of state resources through the use of tax expenditures which reduce the taxes that might otherwise be collected. The federal government and 17 state governments have begun the process of conducting an inventory and cataloguing all deviations from the normal tax code. These tax expenditure reports supplement the annual or biennial budget document. This article examines the major features of tax expenditure reporting at the state level.