Section 103(b)(4)(A) the Internal Revenue Code was examined to determine its e££ectiveness in helping to achieve the goal of the federal government's low income housing policy--"a decent home and a suitable living environment for every American family."
A theoretical analysis of the general excise subsidy model on which this program is based highlighted certain empirical factors on which to focus to determine the potential effectiveness of the program. A theoretical analysis of the particular mechanism used resulted in a measure of effectiveness of providing a subsidy through tax-exempt bond financing.
Empirical analysis basically showed that the mechanism is ineffective. Therefore, recent recommendations to abolish Section 103(b)(4)(A) are sound. / M.A.
| Identifer | oai:union.ndltd.org:VTETD/oai:vtechworks.lib.vt.edu:10919/94470 |
| Date | January 1986 |
| Creators | Johnson, Stuart Clark |
| Contributors | Economics |
| Publisher | Virginia Polytechnic Institute and State University |
| Source Sets | Virginia Tech Theses and Dissertation |
| Language | en_US |
| Detected Language | English |
| Type | Thesis, Text |
| Format | iii, 52 leaves, application/pdf, application/pdf |
| Rights | In Copyright, http://rightsstatements.org/vocab/InC/1.0/ |
| Relation | OCLC# 14290746 |
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