Tax revenue. The interim final rule’s definition of ‘‘tax revenue’’ is based on the Census Bureau’s definition of taxes, used for its Annual Survey of State Government Finances.166 It provides a consistent, well-established definition with which States and territories will be familiar and is consistent with the approach taken in Section II.C of this SUPPLEMENTARY INFORMATION describing the implementation of sections 602(c)(1)(C) and 603(c)(1)(C) of the Act, regarding revenue loss. Consistent with the approach described in Section II.C of this SUPPLEMENTARY INFORMATION, tax 164 Using Fiscal Year 2019 is consistent with section 602 as Congress provided for using that baseline for determining the impact of revenue loss affecting the provision of government services. See section 602(c)(1)(C). 165 Congressional Budget Office, An Overview of the Economic Outlook: 2021 to 2031 (February 1, 2021), available at xxxxx://xxx.xxx.xxx/ publication/56965. 166 U.S. Census Bureau, Annual Survey of State and Local Government Finances Glossary, https:// xxx.xxxxxx.xxx/xxxxxxxx-xxxxxxx/xxxxx/xxxxx/ glossary.html (last visited Apr. 30, 2021). revenue does not include revenue taxed and collected by a different unit of government (e.g., revenue from taxes levied by a local government and transferred to a recipient government).
Appears in 13 contracts
Samples: Funding Agreement, Funding Agreement, Funding Agreement
Tax revenue. The interim final rule’s definition of ‘‘tax revenue’’ is based on the Census Bureau’s definition of taxes, used for its Annual Survey of State Government Finances.166 It provides a consistent, well-established definition with which States and territories will be familiar and is consistent with the approach taken in Section II.C of this SUPPLEMENTARY INFORMATION describing the implementation of sections 602(c)(1)(C) and 603(c)(1)(C) of the Act, regarding revenue loss. Consistent with the approach described in Section II.C of this SUPPLEMENTARY INFORMATION, tax 164 Using Fiscal Year 2019 is consistent with section 602 as Congress provided for using that baseline for determining the impact of revenue loss affecting the provision of government services. See section 602(c)(1)(C). 165 Congressional Budget Office, An Overview of the Economic Outlook: 2021 to 2031 (February 1, 2021), available at xxxxx://xxx.xxx.xxx/ publication/56965. 166 U.S. Census Bureau, Annual Survey of State and Local Government Finances Glossary, https:// xxx.xxxxxx.xxx/xxxxxxxx-xxxxxxx/xxxxx/xxxxx/ glossary.html (last visited Apr. 30, 2021). Federal Register / Vol. 86, No. 93 / Monday, May 17, 2021 / Rules and Regulations 26809 revenue does not include revenue taxed and collected by a different unit of government (e.g., revenue from taxes levied by a local government and transferred to a recipient government).
Appears in 12 contracts
Samples: Funding Agreement, Funding Agreement, Funding Agreement
Tax revenue. The interim final rule’s definition of ‘‘tax revenue’’ is based on the Census Bureau’s definition of taxes, used for its Annual Survey of State Government Finances.166 It provides a consistent, well-established definition with which States and territories will be familiar and is consistent with the approach taken in Section II.C of this SUPPLEMENTARY INFORMATION describing the implementation of sections 602(c)(1)(C) and 603(c)(1)(C) of the Act, regarding revenue loss. Consistent with the approach described in Section II.C of this SUPPLEMENTARY INFORMATION, tax 164 Using Fiscal Year 2019 is consistent with section 602 as Congress provided for using that baseline for determining the impact of revenue loss affecting the provision of government services. See section 602(c)(1)(C). 165 Congressional Budget Office, An Overview of the Economic Outlook: 2021 to 2031 (February 1, 2021), available at xxxxx://xxx.xxx.xxx/ publication/56965. 166 U.S. Census Bureau, Annual Survey of State and Local Government Finances Glossary, https:// xxx.xxxxxx.xxx/xxxxxxxx-xxxxxxx/xxxxx/xxxxx/ glossary.html (last visited Apr. 30, 2021). Federal Register / Xxx. 00, Xx. 00 / Monday, May 17, 2021 / Rules and Regulations 26809 revenue does not include revenue taxed and collected by a different unit of government (e.g., revenue from taxes levied by a local government and transferred to a recipient government).
Appears in 4 contracts
Samples: Funding Agreement, Funding Agreement, Funding Agreement