Senator Bentsen urges lifting estate tax exemption to aid farms
Senator Lloyd Bentsen argues the 60 000 dollar estate tax exemption from 1942 no longer fits modern costs. He cites rising home values and farm wealth, warns 200 000 to 400 000 farms could disappear, and backs a 200 000 dollar exemption via a credit phased in by 1981. He notes proposed changes to valuation rules to ease tax burdens.
MENTIONED IN THIS ARTICLE
Department of Agriculture
Senate Finance Committee
Finance Committee
Internal Revenue Service
Congress
Five travel safety tips to protect your trip
Practical advice on packing, insuring valuables, identifying bags, carrying cash and Travelers Cheques, and maintaining two lists of vital information to safeguard your travels. The tips stress emergency refunds, theft protection, and keeping essential numbers accessible.
MENTIONED IN THIS ARTICLE
American Express
Texas Tax Seizures Highlight Back-Tax Crackdown
Austin announces ongoing state seizures of businesses that collect sales tax but do not remit it. From May 1975 to December 1975, 205 seizures totalling over 2 million dollars. by year-to-date, 82 closures with nearly 800 thousand dollars owed, plus 287 seizures yielding about 1.2 million dollars in back taxes. The article urges compliance for arts and crafts events and requires exhibitors to hold valid sales tax permits and remit collected taxes.
MENTIONED IN THIS ARTICLE
Austin
Comptroller's
Texas
Comptroller’s Office
Comptroller's Department
Texas House backs gas pricing package to cut bills
Speaker reports Austin committees studied natural gas pricing and proposed measures to reduce Texas utility bills by as much as 15 percent. They warn price controls could harm supply and favor free market solutions with potential tax shifts to offset deficits. More than 100 House members support all or part of the package.
MENTIONED IN THIS ARTICLE
Austin
Texas House of Representatives
Texas
House
Texas Treasury
Also Mentioned on This Page
Senator Liloyd Bentsen
Washington
United States
Canada
Avis
Europe
Moulton
Comptroller's Office
Comptroller's Field Office
Pakistan
Punjab
K-Kashmir
8-Sind
Baluchistan
Bill Clayton
IRCOM
Gonzales County Savings and Loan
Gcs&l
Passbooks
Gonzales County
Pavesergeeene
St. George — Gonzales
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