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State and Local Tax Sysytems

Chapter 9.3

AB
Intergovernmental Revenuefunds collected by one level of government and transferred to another
The Coice of TaxAbility for localities to select how they will obtain revenues
Property Taxesa tax on tangible and intangible possessions, (Real Estate, automobiles, etc)
Tax AssessorPerson who determines the value of something as well as its tax impact.
Payroll Withholding StatementSummary statement that details income and taxes paid
5number of states that do NOT have a sales tax
25% of income that is attributed to intergovernmental Revenu
LotteriesSystem for Stats to make revenues off of gambling.



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