Bailout Bill Fails; How a Bailout Would Affect Property Tax Collections
September 29, 2008
The bailout bill just failed in the House 205-228. (See the roll call here.) Before that vote, I wrote up a study on how the bailout might affect state and local property tax collections, particularly if the government found itself holding title to some of the underlying assets.
Since Congress’s determination to “do something” may mean another vote or another bill, much of the analysis still has merit. The fiscal fact goes through previous quasi-government institutions set up, often under bailout situations, and looks at how their structure affected property tax payments.
Check it out here.