Journal Issue:
Agricultural Law Digest: Volume 1, Issue 3

No Thumbnail Available
Issue Date
Journal Title
Journal ISSN
Journal Volume
Revenue Reconciliation Act of 1989
( 1989-12-08) Iowa State University Digital Repository

On November 21, 1989 the Congress passed the Omnibus Budget Reconciliation Act of 1989 (OBRA 1989). Although the President has not yet signed the law as of the date this issue went to the printers, here is a summary of the tax provisions.

Income Tax Rules for Farm Vehicles
( 1989-12-08) Harl, Neil ; Harl, Neil ; Iowa State University Digital Repository

With enactment of the "listed property" rules in 1984, the handling of farm vehicle deductions became several notches more complex. Under those rules, automobiles and other property used as a means of transportation (under 6,000 pounds) as well as property used for entertainment, recreation and amusement and computers or peripheral equipment are subjected to additional constraints on both regular depreciation and expense method depreciation.

Cases, Regulations, and Statutes
( 1989-12-08) Iowa State University Digital Repository