<h1>14th Finance Commission Consults on States' Share of Central Taxes, Report Due by October 2014.</h1> The Finance Commission, established every five years, determines the States' share of Central tax revenues. The 13th Finance Commission set the States' share at 32% of the net proceeds of shareable Central taxes from April 1, 2010, to March 31, 2015. The 14th Finance Commission, formed on January 2, 2013, is consulting with States and the Union Government. It is expected to submit its report by October 2014, covering the period from April 1, 2015, to March 31, 2020.