文章基本信息

标题：FARM MACHINERY INVESTMENT AND THE TAX REFORM ACT OF 1986
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作者：LeBlanc, Michael ; Hrubovcak, James ; Durst, Ron L. 等
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：1992
页码：66-79
出版社：Food Distribution Research Society
摘要：The Tax Reform Act of 1986 significantly changed incentives for investing. This analysis specifically examines how changes in marginal tax rates, depreciation schedules, and the investment tax credit altered the cost of capital and net investment in agriculture. A stochastic coefficients econometric methodology is used to estimate an investment function which is then used to simulate the effects of tax reform. Estimates indicated that relative to prior law, the Tax Reform Act will reduce the capital stock of farm machinery and equipment by nearly $4 billion.