Tax Abatements—Revenue or Expense?

Peckol, Loretta L.

doi:10.1177/088541228800300305

Cited by 1 publication

(2 citation statements)

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“…Based on Peckol (1988) and Sands, Reese, and Khan (2006), we identified six factors that county board members may consider when deciding to grant tax abatements. We asked the citizen and board member respondents to rate the importance of each factor in the tax abatement granting decision.…”

Section: Survey Developmentmentioning

confidence: 99%

“…We did not pre-screen the analysts and the preparers because the nature of their work requires familiarity with financial reporting. Drawing upon suggestions from Gamkhar and Granof (2008), Kavanagh and Riordan (2008), LeRoy (2004), and Peckol (1988) and considering the sections in a government's audited financial report, we identified the following options for reporting tax abatements and asked respondents to choose only one:…”

Section: Survey Developmentmentioning

confidence: 99%

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Tax abatement reporting: Perspectives of users and preparers

Harris

McKenzie

Rentfro

2014

Journal of Public Budgeting, Accounting &Amp; Financial Management

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Using tax abatements to spur economic development can be controversial. The potential benefits are stressed when abatements are granted, but subsequent reporting may be insufficient for citizens to hold governments accountable for actual results. We solicited perspectives on tax abatements from three user groups (citizens representing advocacy groups, county board members, and financial analysts) and county officials involved in financial reporting, budgeting, or property tax administration. Users and preparers expressed generally similar views about the need for reporting; however, some differences were evident in the degree of support for reporting specific information items and the format for making information available. We also found that much information desired by users is not available to them currently, and governments may need to create mechanisms to collect information.

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Section: Survey Developmentmentioning

confidence: 99%

Section: Survey Developmentmentioning

confidence: 99%