Abstract

This study examines the effects of the Section 1031 tax-deferred exchange provision on agricultural land values. The provision allows taxpayers to defer taxation for relinquished productive assets if a like-kind asset is acquired within the allotted time of 180 days. The analysis examines a set of 3,580 farm real estate transaction from 55 agricultural counties in Indiana over the period 2003–2006. Hedonic price analysis suggests that properties acquired under a like-kind exchange are associated with a 1.32% price premium. (JEL H23, Q15)

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Additional Information

ISSN
1543-8325
Print ISSN
0023-7639
Pages
pp. 479-489
Launched on MUSE
2013-05-31
Open Access
No
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