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Tax Reform Implications for Rural Communities and Farmers

Author

Listed:
  • Durst, Ron L.
  • Reeder, Richard J.

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.

Suggested Citation

  • Durst, Ron L. & Reeder, Richard J., 1987. "Tax Reform Implications for Rural Communities and Farmers," Rural America/ Rural Development Perspectives, United States Department of Agriculture, Economic Research Service, vol. 3(3), June.
    • Handle: RePEc:ags:uersra:310435
    DOI: 10.22004/ag.econ.310435
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    Cited by:

    1. Otto, Daniel M. & Edelman, Mark A., 1988. "Analysis of Induced Institutional Innovation Alternatives For Provision of Local Government Services," ISU General Staff Papers 198808020700001188, Iowa State University, Department of Economics.

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