Title: Some Aspects of Intergovernmental Tax Exemption
Abstract: This paper deals primarily with the question of subjecting to income taxation the salaries of public officers and employees and the interest derived by persons from federal, state and municipal bonds. Other phases of the exemption problem will be touched upon only in an incidental way. The subject of intergovernmental tax exemption, or the extent to which one governmental unit may burden the agencies and instrumentalities of another through taxation, is not new. It has been before the courts from time to time for more than a century. It has been before Congress and the public periodically since the adoption of the federal income tax law of 1894. As applied specifically to the salaries of public employees and the interest on government obligations, the questions involved have been made the basis of extensive investigations and reports by committees of Congress, of the National Tax Association, and of numerous financial and civic organizations. The elimination of this particular type of exemption has been recommended by every President and every Secretary of the Treasury since 1919. The problems involved are brought out with particular force and clarity by President Roosevelt in a special message submitted to Congress on April Z5, 1938, and repeated on January 19, I939. President Roosevelt urged the passage of a short and simple statute making private income from all governmental salaries hereafter
Publication Year: 1940
Publication Date: 1940-01-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 1
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