Definition of County payments

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TeachMeFinance.com - explain County payments



County payments

The term 'County payments ' as it applies to the area of agriculture can be defined as ' Forest Service payments of 25% of gross revenues from each national forest to the states for use on road and school programs in the counties where the national forests are located. Technically known as Payments to States, because the states determine which road and school programs can be funded, but the payments are allocated to the counties based on the national forest acreage in each county. Commonly confused with Payments in lieu of taxes'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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