PUC cuts Bell rate hike and pilots lifeline plan in Texas
The Public Utility Commission reduced AUSTIN-Southwestern Bell’s $214 million rate hike to $124 million, while approving a six month lifeline style residential rate plan in 15 cities. The plan could drop Austin area bills from $6.50 to about $4.20 monthly, with other regions seeing $3.30 to $5.00 minimums. Commissioner Morris dissented, citing alleged unjustified tax revenue and depreciation gains totaling $38.6 million. Installation charges rise to $40.25 and specialized services bear much of the increases.
MENTIONED IN THIS ARTICLE
Austin
Southwestern Bell Telephone Company
Public Utility Commission
PUC
Bell
Houston Metro
Garrett Morris
PBX
Tax Free Gifts In Estate Plans
The article explains annual gift exclusions to reduce federal estate tax. Individuals may give up to 3000 per recipient, 6000 if married, tax free as present interests. Gifts within three years of death may still be included in the estate. Recipients incur no income tax on gifts. Lawyers or tax accountants can assist in planning lifetime gifts.
Texas business climate cited as top in nation
Texas Comptroller Bob Bullock touts a Wisconsin Department study claiming Texas has one of the nation’s most favorable business climates. The report, based on six fictitious firms in 16 states, finds Texas with the second lowest state and local tax burden after Alabama for five firms. Bullock says the findings support Texas’ lead, noting nine months of tax collections at 5.9 billion dollars and expenditures near 6 billion, both up from last year.
MENTIONED IN THIS ARTICLE
Bob Bullock
Wisconsin Department of Revenue
Texas
Alabama
Bullock
Invention Timeline From Bell to Edison Phonograph Link
A noted timeline notes that alongside the telephone Alexander Graham Bell aided the development of the grooved wax cylinder with a spiral soundtrack for Thomas Edison’s phonograph. The statement connects key figures in early sound recording history and highlights cross influence between Bell and Edison experiments.
MENTIONED IN THIS ARTICLE
Alexander Graham Bell
Thomas Edison
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