31 USC 6706 – Income gap multiplier
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For purposes of determining the income gap of a unit of general local government under section 6705(b)(4)(A),1 the number which applies is—
(1) 1.6, with respect to ½ of any amount allocated under section 6704 to the State in which the unit is located; and
(2) 1.2, with respect to the remainder of such amount.
Terms Used In 31 USC 6706
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
- State: means a State, the District of Columbia, the Commonwealth of Puerto Rico, or any other territory or possession of the United States. See 1 USC 7