This reference provides an in-depth analysis of the wide variety of taxes local governments use to finance their operations. It highlights local property, sales, & income tax rates & uses, selective sales taxes (hotel/motel, gasoline, public utility, alcohol, cigarettes) & local user charges & their use by local governments within thevarious states.

Considers legislation to authorize Federal payments of taxes, or payments in lieu of taxes, to state and local governments as compensation for loss of revenue due to Federal Government acquisition of local property. Includes extracts from report "Payments in Lieu of Taxes and Shared Revenues," submitted to Commission on Intergovernmental Relations by the Study Committee on Payments in Lieu of Taxes and Shared Revenues, June, 1955 (p. 147-238).

Considers S. 910, to authorize payments to local governments to compensate for tax losses as a result of the presence of Federal tax immune property in their jurisdiction.