Federal Fiscal Relations with States and Localities: A Compendium

This collection of Congressional Research Service studies highlights current and likely areas of legislative activity in the 112th Congress relating to federal-state/territorial fiscal relations. It addresses questions such as:

• Should Congress provide direct fiscal assistance to state and local governments?
• Should the American Recovery and Reinvestment Act of 2009 (ARRA) grant
   assistance to state and local governments be extended or modified and how will it
   affect the tax relationship?
• Should the federal government encourage more state and local spending through
  special bond programs?
• Should changes to the deduction for state and local taxes paid be part of tax
  reform?
• Should Congress pave the way for the streamlined sales and use tax agreement?
• Should Congress change the way in which states levy business activity taxes?
• Should Congress change Native American tribal taxation?

This update of the Compendium leads with important legislative activity aimed at limiting Puerto Rico's and the U.S. Virgin Island's ability to use covered-over revenue to subsidize the rum industry in the islands.

Date of Compendium:  October 27, 2011
Number of Pages: 99
Order Number: IS40310
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Compendium available via e-mail as a pdf file.
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