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Newspaper
Brownfield News
Location
Brownfield, Texas, United States of America
Date
Dec 28, 1967
Page
4
The Brownfield High School Cub Band travels to El Paso for the Sun Bowl Parade on January 1. They depart at 3 30 a m and join seven bands invited to march in the televised event. The parade starts at 10 a m and covers about five miles. Band members will be hosted at a New Year’s Eve party and visit Mexico briefly.
The Veterans Administration paid approximately $256.4 million in compensation and benefits to 247,300 Texas veterans or survivors in 1967. Waco VA Regional Office manager Jack Coker notes this includes increased pension and Vietnam era disability payments. National totals show about $7 billion in VA expenditures, with Texas receiving around $406.3 million. VA hospitals and clinics consumed over $1.3 billion, and education programs aided about 468,000 veterans plus 37,000 children of veterans with roughly $33 million in assistance. The GI loan program supported about 200,000 loans totaling nearly $3.4 billion.
The column lists marriages of Ray Martin Herod to Myrle Arminta Wier Frank Lianos Torres to Consuelo Castro Kenneth Ray Martin to Mau rine Lea Hearne and others. It also notes warranty deeds transferring property in Terry County and civil suits such as Ross Ellis and Elva Ellis vs Hunt and Tipps Seed and Grain Inc. plus new vehicle registrations including several Brownfield and Tokio entries.
The department notes more than 12,000 direct loans totaling about 150 million dollars. It also highlights that administration costs for veterans benefits and services run under three percent of VA's total budget, similar to prior years.
R B Mac McAlister longtime West Texas radio owner and broadcaster announces his candidacy for State Representative in the 1968 Democratic Primary. He plans to file for the seat vacated by Reed Quilliam in a district including Terry, Hockley and Lubbock counties.
The investment credit suspension ended March 9 1967 and applies to machinery and real property up to 20000 dollars during Oct 10 1966 to March 9 1967. Qualifying investments after March 9 1967 allow credit up to 25000 dollars of tax liability plus 50 percent of amounts over 25000. The Restoration Act exempts orders placed during suspension if begun after May 23 1967. Rapid depreciation returns for buildings 50000 and up ordered after March 9 1967 with construction begun after May 23 1967.
An IRS booklet titled Ja Guide for Small Business helps keep accurate records to ensure you pay the right tax amount. A four bit investment for a copy of the Tax Guide for Small Business can save time, trouble, and taxes. Oversized nuts at auto repair shops can be used as economical fish sinkers.
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