Using fixed–effects models of state corporate income tax (SCIT) revenues that account for the endogeneity of apportionment formula weights and tax rates, we find that states with a double–weighted sales factor experience lower SCIT revenues than do states with an equally–weighted sales...

The purpose of this paper is to provide empirical evidence on the joint effects of apportionment and tax incentives on new capital expenditures. Specifically, we examine whether states with lower property factor weights in their apportionment formulae and/or lower corporate tax rates experience...

This study examines how variations in states’ corporate income tax regimes affect new capital investment by business. Using U.S. state-aggregated data from 1983 to 1996, we find in pooled and fixed-effects regressions that new capital expenditures by corporations in the manufacturing sector...