PILT (Payments in Lieu of Taxes): Somewhat Simplified : 9781512273380

Regulatory analytical requirements (e.g., cost-benefit and cost-effectiveness analysis) have been established incrementally during the last 40 to 50 years through a series of presidential and congressional initiatives. The current set of requirements includes Executive Order 12866 and Office of Management and Budget (OMB) Circular A-4, the Regulatory Flexibility Act (RFA), and the Unfunded Mandates Reform Act (UMRA). These requirements vary in terms of the agencies and rules they cover, and the types of analyses that are required. For example, a regulatory analysis under the Regulatory Flexibility Act is not required if the agency head certifies that the rule will not have a "significant economic impact on a substantial number of small entities."

Author: Congressional Research Service

Publisher: Createspace Independent Publishing Platform

Publication Date: Jun 22, 2015

Number of Pages: 30 pages

Binding: Paperback or Softback

ISBN-10: 1512273384

ISBN-13: 9781512273380