| 来源类型 | Academic Papers
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| 规范类型 | 其他
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| Tax Incentives and the Price of Conservation |
| Walter Thurman; Dominic Parker
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| 发表日期 | 2018-02-06
|
| 出版年 | 2018
|
| 语种 | 英语
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| 概述 | The role of tax incentives in promoting a fast-growing and novel type of conservation: voluntary, permanent restrictions on private land use through conservation easements. |
| 摘要 | Abstract
We study the role of tax incentives in promoting a fast-growing and novel type of conservation: voluntary, permanent restrictions on private land use through conservation easements. In the United States, easements represent the largest charitable gift on a per-donation basis, but skeptics wonder if their tax preference merely subsidizes wealthy landowners rather than inducing conservation. We incorporate federal and state income tax codes into a calculator to quantify the after-tax donation price and demonstrate its sensitivity to landowner income and state and federal policies. Using a 1987–2012 panel, we measure the response of state-level easements to the price. Our large elasticity estimates, spanning −2.4 to −6.1, indicate that tax incentives induce conservation and do not merely subsidize it. We find no evidence that generous tax benefits have caused less strategic patterns of land conservation. |
| URL | https://www.perc.org/2018/02/06/tax-incentives-price-conservation/
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| 来源智库 | Property and Environment Research Center (United States)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/360198
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推荐引用方式
GB/T 7714 |
Walter Thurman,Dominic Parker. Tax Incentives and the Price of Conservation. 2018.
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