Rural Bond Issues Weather Tax Reform

Clifford Rossi

Rural America/ Rural Development Perspectives, 1990, vol. 06, issue 2

Abstract: The dollar amount of new local bond issues plummeted immediately after passage of the Tax Reform Act of 1986. The act removed some tax exemptions and made the others less attractive by reducing overall tax rates. The drop in issuances seems to have been a onetime event, however. Two years after passage of the act, new bond issues had recovered to about their 1983 level, and local governments seemed to have little trouble finding buyers for their bonds.

Keywords: Community/Rural/Urban Development; Public Economics (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersra:310838

DOI: 10.22004/ag.econ.310838

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