Public Policy Research Works
Permanent URI for this collectionhttp://hdl.handle.net/1903/1619
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Item Do tax credits benefit charities? Evidence from two states(Wiley, 2023-08-18) Gupta, Anubhav; Spreen, Thomas L.This paper considers the effect of state charitable giving tax credits on the contribution revenues of eligible charities. Using event studies paired with Form 990 data, we detect no significant change in contributions to qualified nonprofits after the elimination of a $100 per taxpayer credit by Michigan. By contrast, we find a significant increase in contributions to qualified charities following the introduction of a $10,000 per taxpayer credit by North Dakota that persists for several years. The results suggest that placing a large cap on charitable giving tax credits induces stronger donor responses.Item Information sharing and state revenue forecasting performance(Wiley, 2022-09-18) Spreen, Thomas L.; Martinez Guzman, Juan P.This study evaluates whether intergovernmental information sharing enhances forecasting performance. This is accomplished by examining the accuracy of state revenue forecasts following the federal passage of the Tax Cuts and Jobs Act (TCJA) of 2017. The quantitative analysis suggests that states that shared information produced more accurate corporate income tax forecasts than nonsharing states. This result is consistent with surveys and interviews of federal and state officials that reported significant information-sharing activity arising from uncertainty about the TCJA's corporate income tax provisions. This study demonstrates that information sharing plays an important yet overlooked role in mitigating forecast uncertainty.