question archive Suppose a tax is imposed on previously untaxed land
Suppose a tax is imposed on previously untaxed land
Subject:LawPrice: Bought3
Suppose a tax is imposed on previously untaxed land. The tax increase causes a local manufacturing business to go bankrupt. This tax would. Be unconstitutional under the takings clause of the US Constitution and the business owner would be entitled to "just compensation". Increase the PDV of the stream of land rents Reduce Urban Sprawl None of the above
