The American Rescue Plan Act and State tax cuts Jonathan L. Entin
By: Entin, Jonathan L
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Material type: 
ArticlePublisher: 2021Subject(s): IMPUESTOS | REDUCCIONES TRIBUTARIAS | POLITICA FISCAL | GASTO PUBLICO | PLANES ECONOMICOS | INVERSIONES PUBLICAS | ESTADOS UNIDOS
In:
Journal of Taxation of Investments v. 38, n. 4, Summer 2021, p. 15-25Summary: The American Rescue Plan Act provides $350 billion in economic assistance to state and local governments over the next four years, but forbids those governments from using that money to offset tax cuts. Several lawsuits challenging the constitutionality of that condition are now pending. Those constitutional challenges should fail under current legal doctrine. Even if they succeed, the plaintiff states might regret that result in the long run.
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| Artículos | IEF | IEF | OP 235/2021/38/4-2 (Browse shelf) | Available | OP 235/2021/38/4-2 |
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| OP 235/2021/38/3-5 When can taxpayers invoke the substance-over-form doctrine? | OP 235/2021/38/4 Journal of Taxation of Investments | OP 235/2021/38/4-1 The American Families Plan | OP 235/2021/38/4-2 The American Rescue Plan Act and State tax cuts | OP 235/2021/38/4-3 Accounting and tax issues in applying tax benefits to corporate investments | OP 235/2021/38/4-4 News flash | OP 235/2021/39/1-1 New IRS guidance on credits for sequestration of carbon |
Disponible también en formato electrónico.
Resumen.
The American Rescue Plan Act provides $350 billion in economic assistance to state and local governments over the next four years, but forbids those governments from using that money to offset tax cuts. Several lawsuits challenging the constitutionality of that condition are now pending. Those constitutional challenges should fail under current legal doctrine. Even if they succeed, the plaintiff states might regret that result in the long run.
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