Bills Would End Oil Depletion Deal in California
SACRAMENTO Assemblyman John L. Burton introduced bills to end the oil depletion allowance for California firms and replace it with a 2 percent severance tax on oil produced in the state and a 2 percent tax on refining and distribution of oil and gas produced outside California. A companion measure would remove the 27.4 percent depletion allowance under personal income, bank, and corporate taxes, with economists calling the depletion allowance a major revenue loophole.
MENTIONED IN THIS ARTICLE
Sacramento
John L. Burton
San Francisco
California
Burton
California moves to widen police bugging powers
Legislation introduced by Assemblyman W Craig Biddle would allow electronic eavesdropping with court permission to aid enforcement against organized crime while aiming to minimize privacy violations. Senate plans a five percent oil severance tax, with Beilenson pushing similar measure. Burdened by past industry opposition, lawmakers argue oil tax could raise substantial state revenue amid broader funding debates.
MENTIONED IN THIS ARTICLE
Sacramento
UPS
Biddle
State Senate
Anthony C. Beilenson
Beverly Hills
Kuchel demands federal clean house before bashing state pollution
In Washington Sen Thomas Kuchel R Calif says the federal government must fix its own water pollution programs before criticizing state efforts. He cites 24 California federal facilities as major polluters, led by Ft Ord and El Toro Marine Base. In Los Angeles Kuchel unveils 27 committee members for his re election bid including Jack L Warner. In Sacramento Assemblyman John T Knox introduces a bill to abolish the State Board of Dry Cleaners to save about 300000 annually.
MENTIONED IN THIS ARTICLE
Washington
Thomas Kuchel
Calif
Kuchel
California
Los Angeles
UPI
Thomas H. Kuchel
Jack L. Warner
Sacramento
John T. Knox
Richmond
State Board of Dry Cleaners
Outgoing Finance Chief Smith Eyes U S Senate Run
Sacramento reports Gordon Paul Smith, 51, on leave from a Los Angeles consultancy, plans serious consideration of a U S Senate bid. A draft Smith committee emerged and rival Ton Max Rafferty may announce for the GOP nomination, signaling a potential bitter primary race.
MENTIONED IN THIS ARTICLE
Smith May
U.S. Senate
Sacramento
Gordon Paul ‘Smith
Smith
Gordon Paul Smith
Orange County Men Named Appraisers
SACRAMENTO two new state inheritance tax appraisers were named for Orange County by Controller Houston J Flournoy Edwin P Martin and E Llewellyn Overholt Jr of Santa Ana and Anaheim. Also included is a discussion by Algo Smith about campaign conduct and a resignation note dated February 1 stating he will leave March 1 after fourteen months of controversy over Governor Reagan's economy program.
MENTIONED IN THIS ARTICLE
Sacramento
Orange County
Houston J. Flournoy
Edwin P. Martin
E. Llewellyn Overholt Jr
Santa Ana
Anaheim
Reagan notes White to aid him in GOP delegate work
Sacramento UPI report says Ronald Reagan said he was not informed of political strategist F. Clifton White being kept to survey sentiment. Henry Salvatore, finance chairman of the organizing committee, said White would brief California delegates on candidates and issues and report findings to the 86 delegate slate selection group. Reagan said White would not report to him and he plans to run as a favorite son in California.
MENTIONED IN THIS ARTICLE
Sacramento
UPI
Gow
Reagan
F. Clifton White
Los Angeles
Henry Salvatore
White
Barry Goldwater
Salvatore
Salvato
California
Whiete
Arizona
Miami Beach
Oregonians for Reagan Progressing in Oregon
In Portland Rob ert H Hazen leader of the Oregon Citizens for Reagan Committee says the statewide structure will be finished by late February with chairs in two thirds of counties and planned finance and speakers bureaus. He reports Reagan and aides offer no direct support yet but expects a clearer signal before the May 28 Oregon primary.
MENTIONED IN THIS ARTICLE
Portland
Ore
Robert H. Hazen
Oregon
Citizens For Reagan Committee
California
Reagan
Hazen
Ife
Not Time to Travel Sell Your Business and Oil Dreams
Retirement or transition options prompt owners to consider selling their oil ventures now. Market factors, potential buyers, and valuation considerations shape a timely exit plan.
Also Mentioned on This Page
Bill
Ord
el Toro
AL Eisele
Army
Ft. Ord
Monterey County
el Toro Marine Base
Ton Max Rafferty
GOP
pro-Smith Group
Algo
Gov. Reagan
Oregonians
Long Beach
Prideys
E. Ocean Ave
Pai Hee
Ian
East Artesia
West
Lakewood Blvd
Immedi
Los
ELXS
Willow Street
Stark
Iterat Security
Meruot Investment Corp
Ite
Ing Tel
U.S
Carlton
Can
Sinber
Phan
Singer Compar
Bixby Kholls
Atlantic Ave
Gardem Grove
Chepmen Ave
Los Altos
Steorms
Dacron
Singer Center
Singer
San Pedro
Pactic Avec
N. Lowra SI
Torrance
Havitherse
Costa Mesa
Bristel St
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