LAND IMPROVEMENT TAX DEDUCTIONS: USE AND VALUE TO THE FARM SECTOR

Arthur B. Daugherty

No 277926, Staff Reports from United States Department of Agriculture, Economic Research Service

Abstract: Of nearly 2.7 million farm sole proprietors filing tax returns in 1982, just 97,018 (4 percent) deducted soil and water conservation expenses and only 61,829 (2 percent) deducted land-clearing expenses. Each of these deductions averaged less than $1,100 per return on which they were claimed. Average tax savings were estimated to be from $177 to $246 for farmers claiming conservation expense deductions and from $220 to $280 for those deducting landclearing expenses. Although of considerable importance to individuals, these land improvement tax deductions were of minor importance to the farm sector, especially when contrasted to other tax provisions, such as the investment credit.

Keywords: Land Economics/Use; Political Economy (search for similar items in EconPapers)
Pages: 21
Date: 1987-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://ageconsearch.umn.edu/record/277926/files/ers-report-281.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uerssr:277926

DOI: 10.22004/ag.econ.277926

Access Statistics for this paper

More papers in Staff Reports from United States Department of Agriculture, Economic Research Service Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().