AgEcon Search

AgEcon Search >
       Western Journal of Agricultural Economics >
          Volume 04, Number 02, December 1979 >

Please use this identifier to cite or link to this item: http://purl.umn.edu/32288

Title: IMPLICATIONS OF THE TAX REFORM ACT OF 1976 FOR FARM ESTATE PLANNING
Authors: Roush, Clint E.
Mapp, Harry P., Jr.
Maynard, Cecil D.
Issue Date: 1979-12
Abstract: An intergeneration transfer simulation model is used to project estate transfer costs and the value of transfers to the heirs before and after the tax reform act of 1976. Lower Federal estate taxes result for estates that qualify for the special use valuation of farmland provision of the new law. Replacing the $60,000 estate exemption with the $47,000 estate tax credit and revising the tax rate schedule increases Federal estate taxes when the taxable estate is between $1.175 million and $9.353 million. The new carryover basis rules for estate assets acquired from decedents dying after 1979 also increase transfer costs.
URI: http://purl.umn.edu/32288
Institution/Association: Western Journal of Agricultural Economics>Volume 04, Number 02, December 1979
Total Pages: 14
Language: English
From Page: 133
To Page: 146
Collections:Volume 04, Number 02, December 1979

Files in This Item:

File SizeFormat
04020133.pdf995KbPDFView/Open
Recommend this item

All items in AgEcon Search are protected by copyright.

 

 

Brought to you by the University of Minnesota Department of Applied Economics and the University of Minnesota Libraries with cooperation from the Agricultural and Applied Economics Association.

All papers are in Acrobat (.pdf) format. Get Adobe Reader

Contact Us

Powered by: