Commercial Bounties
Commercial Bounties
Some bounties are designed to encourage the production or marketing of a particular commodity or foster the growth of new industry. They may be granted directly as subsidies or other payments or indirectly as reduced rates for transportation or exemptions from part or all of the ordinary taxes. The United States has frequently paid commercial bounties, for example, the bounty paid for the production of domestic sugar under an act of 1890. Prices of agricultural products have sometimes been maintained by subsidies paid for exportation and for reduced production of farm products. The federal government and the states have also made large grants of land and money to encourage such enterprises as the construction of railroads, irrigation projects, canals, and roads. (1)
Bounty in this Section: Bounty, Commercial Bounties. Wildlife Bounties and Military Bounties
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