Page:United States Statutes at Large Volume 97.djvu/1345

 PUBLIC LAW 98-185—NOV. 30, 1983 97 STAT. 1313 needs, and fiscal capacities of Federal, State, and local govern- ments, and the responsiveness of the distribution of Federal financial assistance to the cyclical nature of the economy and such other factors. (5) The responsiveness of the distribution of Federal assist- ance to the fiscal capacities of State and local governments, and the responsiveness of the distribution of Federal assistance to the need for services of State and local governments and to cost- of-living and cost-of-government differentials. (6) The mathematical forms, data, and administration of Fed- eral grant formulas, including the formulas examined under paragraph (1). (7) The impact on State and local governments of— (A) modification of the provisions of the Internal Revenue Code of 1954 with respect to— (i) the deductibility of State and local government taxes, and (ii) the tax exempt status of State and local securities used for purposes other than the financing of public facilities and cash management, and (B) increases in allocations under chapter 67 of title 31, United States Code, made to compensate for the modifica- tions described in clause (A). (b) The Secretary of the Treasury, in consultation with the Secre- tary of Commerce, the Comptroller General of the United States, the Advisory Commission on Intergovernmental Relations, and rec- ognized organizations of elected officials of State and local govern- ments, including regional organizations of such officials and officials of States that may receive substantially reduced funding under alternative methods of allocating Federal grants-in-aid, shall de- velop a plan for the completion of the study required by subsection (a). Such plan may provide for the participation of such individuals and organizations in the conduct of the study. (c) Upon completion of the study required by subsection (a), the Secretary shall solicit the views of the persons and organizations with whom he was required to consult by subsection (b) and shall append such views to a final report to the President and the Congress. Such report shall be submitted no later than June 30, 1985. (d) There are authorized to be appropriated for each of the fiscal years 1984 and 1985 such sums as may be necessary to carry out this section, not to exceed for each such fiscal year an amount equal to 3 percent of the cost of administering chapter 67 of title 31, United States Code, for the preceding fiscal year. 26use 1etseq. 31 USC 6701 et seq. Plan development. Report to President and Congress. Appropriation authorization. ADJUSTING DEFINITION OF MASSACHUSETTS TAX EFFORT SEC. 11. (a) For the purposes of allocating amounts under sections 6708 and 6709 of title 31, United States Code, among units of general local government within the Commonwealth of Massachusetts for the entitlement period beginning October 1, 1983, the adjusted taxes of those governments shall include property taxes levied for the Commonwealth's 1982 fiscal year and recognized as fiscal year 1982 receipts pursuant to Massachusetts General Laws, chapter 59, sec- tions 21 and 23, and chapter 44, sections 35 through 46. (b) No tax collections credited to any unit of general local govern- ment under subsection (a) for the Commonwealth's 1982 fiscal year 11-194O 85—43:QL3

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