New home tax credit rules may hit buyers with pitfalls
The 5 percent credit up to 2000 dollars for new homes may fall short for buyers who sell an old residence. IRS guidance clarifies how capital gains from old homes reduce the credit and outlines many conditions for eligibility and certification requirements.
MENTIONED IN THIS ARTICLE
Washington
Ford
eThe
Yeon i
Internal Avenue Service
IRS
President urged to veto consumer advocate bill
The Senate approved a plan to create the Agency for Consumer Advocacy with a Senate vote of 61 to 27 and sent it to the House. The measure would represent consumer interests before federal regulators and courts while routing consumer complaints, but includes a farm policy loophole exempting agricultural actions. Ralph Nader urged the veto and warned of an override risk. Bob Dole added an agricultural exemption.
MENTIONED IN THIS ARTICLE
Washington
Ford
Senate
House
Agency For Consumer Ad
Robert P. Griffin
Michigan
Congress
Ralph Nader
Bob Dole
Kansas
Lima Hospital head pleased by review
Lima State Hospital superintendent William Balson says a court ordered review has given him a chance to improve operations. After six weeks, he reports a patient population drop from over 1,000 to 385 due to transfers and releases and plans to introduce new ideas gradually.
MENTIONED IN THIS ARTICLE
Lima Hospital
Lima, Ohio
Lima State Hospital
William Balson
Priest's trial ends for allowing women to share communion
An Episcopal priest in Oberlin faces defrocking after permitting two women to celebrate communion at Christ Church last December. The trial in Akron ends with the prosecution urging hard line, while the rector L Peter Beebe stands with supporters outdoors near St Paul’s Church. verdict expected in about a month.
MENTIONED IN THIS ARTICLE
Akron
Ohio
St. Paul's Church
Peter Beebe
Christ Church
Oberlin
Beebe
Vital Statistics Births and Dismissals in Area Hospitals
Birth notices list Mr and Mrs Forrest King Franklin girl yesterday and Mr and Mrs Edward Robinson Franklin boy yesterday. Out of town staff sergeant Steve Wolsefer Wurtsmith AFB Mich boy Wednesday with grandparents named.
MENTIONED IN THIS ARTICLE
Forrest King
Linwood Drive
Franklin
Edward Robinson
Sherman Ave
Steve Wolsefer
Wurtsmith Afb
Mich
Betty Mayabbe
E. Park Lane
John Powers
Middletown
Charles Skinner
S. Marshall Road
Herbert M. Brewer
E. Fourth St
Miami Valley Hospital
Dayton
Ronald Andrews
Elman Court
Laura Armitage
Baltimore St
James C. Benge
Carlisle
Alex Brittain
Logan Ave
Norman Cox
Jesse Day
Gratis
James Gross
Garfield St
Robert Grubb
Miamisburg
Barbara L. Haker
Hampton Place
Myrtle Myers
Jeff Peck
Yankee Road
Duane Rheinholt
Flemming Road
Robert J. Wilson
Kiester Road
Norviell Caudill
Lawn Ave
Thomas Davis
Garden Ave
Larry Frame
Charles St
Rodney Henry
Dennie Henry
Ellen Drive
John H. Rowland
Richard L. Womack
Creekview Drive
Middletown Hospital
Jasper Blevins
Keister Road
Germantown
Kettering Memorial Hospital
Walters Upset by Honors at Emmys for Today Co Host
Barbara Walters wins her first Emmy for co hosting NBCs Today show while criticizing the awards process and noting she would have preferred the award go to Jim Hartz. She thanks Stephanie Edwards as she departs to concentrate on acting with ABCs Am America.
MENTIONED IN THIS ARTICLE
New York
Barbara Walters
NBC
National Television Academy of Arts and Sciences
Jim Hartz
Hartz
ABC
Hudson River
CBS
Dinah Shore
Miss Walters
Stephanie Edwards
Today
AM America
Miss Edwards
Peter Marshall
Jerome Shaw
Municipal Court Hands Three Day Jail Terms To Two Drivers
Two motorists Herman Hays and Terry Howard received three day jail terms for driving with suspended licenses. Hays also paid a 50 fine for careless driving. Others fined 50 include Tom Dougherty Dale Kellis and Tom Cornett for careless driving and failing to report an accident within 24 hours.
MENTIONED IN THIS ARTICLE
J. T. Lamb
Herman Hays
Riverview Ave
Terry Howard
Wayne Ave
Hays
Tom Dougherty
Wilbraham Road
Dale Kellis
Danny Cornett
Carroll Ann Lane
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Rogers
Wells
Rogers Jewelers
Middletown Mall
Fiveriest Court
Burt
N. Univ. Blvd
Betty
Emmy
Middletown Business College
Oday’s College
N. Verity Pkvy