The Economic Recovery Tax Act of 1981: Provisions of Significance to Agriculture

摘要

The Economic Recovery Tax Act of 1981 is important to farmers in their roles as individual taxpayers and as operators of farm businesses. This report reviews those changes of greatest significance to the farm sector. It examines the major changes affecting individual income tax rates, investment and savings incentives, and estate and gift taxes. Other changes relevant to agriculture include those involving commodity tax straddles, the royalty owners credit, and imputed interest rates on land sales between related parties.