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LFD shows sales-tax modeling tool and migration analysis for MARA; tool caps at 4% per state constitution
Summary
Legislative Fiscal Division staff demonstrated an interactive sales-tax model developed for MARA and committee use that projects potential state sales-tax collections under different tax bases and rates and separates estimated resident and nonresident contributions.
Legislative Fiscal Division staff demonstrated an interactive sales-tax model developed for MARA and committee use that projects potential state sales-tax collections under different tax bases and rates and separates estimated resident and nonresident contributions.
The model uses S&P Global estimates of personal consumption expenditures for Montana residents and University of Montana tourist-survey data to estimate nonresident spending. LFD staff said the tool produces…
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