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Impact of Alternative Property and Sales Tax Policies on Texas Representative Cotton Farms

Author

Listed:
  • Raulston, J. Marc
  • Outlaw, Joe L.
  • Richardson, James W.
  • Klose, Steven L.
  • Sartwelle, James D., III

Abstract

The call for school finance reform has threatened to modify or possibly remove the current property and sales and use tax exemptions currently benefiting Texas cotton producers. This study utilizes a whole farm simulation model to evaluate the economic and financial impact of three alternative sales and/or property tax policy changes on Texas cotton farms along with their respective landowners. Results indicate that removing sales tax exemptions would most adversely impact producers, while removing property tax exemptions has a more negative effect on landowners.

Suggested Citation

  • Raulston, J. Marc & Outlaw, Joe L. & Richardson, James W. & Klose, Steven L. & Sartwelle, James D., III, 2004. "Impact of Alternative Property and Sales Tax Policies on Texas Representative Cotton Farms," Briefing Series 42137, Texas A&M University, Agricultural and Food Policy Center.
    • Handle: RePEc:ags:tamfbs:42137
    DOI: 10.22004/ag.econ.42137
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    References listed on IDEAS

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    3. Drummond, H. Evan, 1975. "The Incidence of Property Taxes on Agricultural Land," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 7(1), pages 131-136, July.
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