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Newspaper
Bowie News
Location
Bowie, Texas, United States of America
Date
Dec 07, 1967
Page
10
Graham Purcell introduces a bill to adjust estate tax on family ranches farms and small businesses. He argues current fair market value rules inflate taxes on real property and threaten family ownership. The proposal lets heirs choose either market value or decedent cost plus earning power with conditions.
Farmers will claim a 4 cent per gallon federal gas tax refund as a tax credit on the annual income tax report. The credit also covers 6 cents per gallon on lubricating oil and diesel and other special fuels used off highway. Filing deadline is April 15, with no credit for late reports. This is the first full year under the new 1967 calendar year filing system suggested by Texas A&M specialist James Mallett. Get IRS publication 308 for details.
The Justice Department promotes a slogan One Civil Right One Ranger while critics urge a non foreign run U S policy. The Democratic Party reports a nine figure fundraising event from a President's Club gathering of about one million dollars and the University of Texas rents Washington office space amid sports speculation about UT and the Redskins.
The Montague County ASCS Office will begin accepting applications January 8 1968 for cost shares on needed agricultural conservation practices. Interested persons should contact Wayne Matthews Office Manager Montague County ASCS in Montague.
J W and Annie Sutton operate Dairy Frost at 605 West Wise offering dining room service or drive in. Menu includes sandwiches frozen custards soft drinks shrimp baskets catfish baskets steak fingers and more with weekly specials. Three large hamburgers for 1.10 or three regular for 1 and takeout available at 872 8162.
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