Tax Reform Implications for Rural Communities and Farmers

Ron L. Durst and Richard J. Reeder

Rural America/ Rural Development Perspectives, 1987, vol. 03, issue 3

Abstract: The new tax law generally reduces individual tax rates, but its overall effect on rural areas is mixed. Some States and local communities will reap a windfall from changes in the Federal tax code; others will see a loss. While many livestock farmers could face higher taxes, most farmers should see little or no change in tax liabilities. In addition, incentives and opportunities for tax-motivated investments in farming will be reduced. Other provisions put a cap on the dollar value of some types of tax-exempt bonds and may make other tax-exempt bonds a less attractive investment. But if the tax bill improves the national economy, the tax base of rural communities should improve as well.

Keywords: Community/Rural/Urban Development; Political Economy; Public Economics (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersra:310435

DOI: 10.22004/ag.econ.310435

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