Discusses indirect and long-term rural implications of tax reform: elimination of local sales tax deduction, limits on local bond issues. Summarizes major tax changes affecting agriculture: individual income taxes, corporate tax rates, tax treatment of capital, capital gains, land deductions, cash accounting, development costs, passive losses and…

Some local governments in nonmetro areas--especially those in the rural West and in very rural areas--experienced high levels of fiscal stress in the mid-seventies that were associated with high and rising local taxes. These local governments may be forced to cut back their rural development activities in the eighties. Fiscal pressures on local…

Provides extensive information about where nonmetro governments get their revenue and how they spend it. Shows that between 1977 and 1982 nonmetro local governments raised additional revenue from local sources, increasing the fiscal pressure on their communities. Graphs compare metro and nonmetro revenues, spending, and debt. (JHZ)