Local Option Sales Tax (LOST) Policy on the Urban Fringe
Many state legislatures grant local governments the authority to enact sales taxes on retail sales transactions that occur within local jurisdictions. Local government reliance on these local option sales tax (LOST) revenues is increasing. In many states, including Oklahoma, municipal governments are unrestricted as to the LOST rate that can be imposed. The ability to generate LOST revenues, however, may depend on many factors outside a local governmentâ€™s domain, including proximity to large, urban retail centers, and tax competition from other localities. This paper investigates aspects of LOST policy for municipal governments located on the urban fringe using all Oklahoma municipalities that imposed a LOST from 1990 to 2001. An important finding is that the revenue impact of increasing LOST rates (i.e., the LOST tax elasticity) depends on the urban influence measure. The implications are important for guiding nonmetropolitan municipal governments in the determination of LOST policy
Volume (Year): 34 (2004)
Issue (Month): 1 ()
|Contact details of provider:|| Web page: http://jrap-journal.org/index.htm|
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Poterba, James M., 1996. "Retail Price Reactions to Changes in State and Local Sales Taxes," National Tax Journal, National Tax Association, vol. 49(2), pages 165-76, June.
- Ronald C. Fisher, 1980. "Local Sales Taxes: Tax Rate Differentials, Sales Loss, and Revenue Estimation," Public Finance Review, , vol. 8(2), pages 171-188, April.
- John D. Wong, 1996. "The Impact Of Local Option Sales Taxes On Retail Sales, Employment, Payrolls, And Establishments: The Case For Kansas," The Review of Regional Studies, Southern Regional Science Association, vol. 26(2), pages 166-176, Fall.
- Walsh, Michael J. & Jones, Jonathan D., 1988. "More Evidence on the "Border Tax" Effect: The Case of West Virginia, 1979-84," National Tax Journal, National Tax Association, vol. 41(2), pages 261-65, June.
- J. L. Love, 1992. "Local Sales Tax Options: A Case Study Of South Georgia," The Review of Regional Studies, Southern Regional Science Association, vol. 22(1), pages 105-114, Summer.
When requesting a correction, please mention this item's handle: RePEc:ags:jrapmc:132272. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.