Prerequisite: Federal Income Tax (LAW 393Q or 493Q).
Negotiations in Congress about tax policy increasingly focus on the dozens of credits in the federal income tax law. There are credits for parenting, education, home ownership, research and development, energy production, electric cars, and building affordable housing, just to name a few. There are three competing frameworks for evaluating tax credits: as instruments for resolving competing claims of tax jurisdiction, as tools of income measurement, and as tax expenditures equivalent to direct spending. This seminar will explore these frameworks and invite each student to write a paper evaluating a specific tax credit of their choice. Prerequisite: Federal Income Tax.
Morse, Susan C.