LIMITING STATE-LOCAL TAX DEDUCTIBILITY: EFFECTS AMONG THE STATES

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Abstract
This paper considers four proposals to limit the deductibility of state and local (S-L) taxes against the federal individual income tax base: eliminate sales tax deductibility, impose a floor on all S-L tax deductions as a percent of AGI, impose a ceiling as a percent of AGI, or disallow a percentage of tax payments as deductions. While the four proposals can be made equal-yield from a federal vantage point, their effects among the states on federal tax liabilities and on own-source S-L revenues are shown to differ considerably.

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