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Newspaper
New Castle News
Location
New Castle, Pennsylvania, United States of America
Date
Dec 17, 1968
Page
8
The $25 per recipient business gift deduction applies to gifts to customers, clients, partners, and relatives with business ties. Gifts to corporations may bypass the limit if not for personal use. keep records of cost, date, description, business purpose, and recipient relationship for tax deductions.
The IRS announces new licensing rules for federal firearm and ammunition sales under the Gun Control Act. Current licensees are unaffected until renewal but must follow new sale and transfer controls. Fees rise to 10 dollars. pawnbrokers require 25 dollars. shotgun and .22 ammo dealers must be licensed. Pending timely applications allow continued sales. Applicants must be 21, own US business, and have no felony record. Detailing offices available at local IRS spots. Also Rockwell expands its Fairfield Iowa Universal Joint Plant for 1.6 million.
New York market opened irregularly low in moderate trading on the NYSE. Stocks listed include ACF Industries Air Reduction Allegheny Ludlum Allegheny Power Allied Chemical Allis Chalmers American Airlines American Can American Electric American Metal Cl American Motors American Tel and Tel American Tobacco Anaconda Armco Steel Armour Atchison Bendix Bethlehem Steel Boeing Airway Coca Cola Colgate Collins Radio Columbia Gas Commonwealth Edison Consolidated Edison Consolidated Nat Gas Consumer Power Continental Can Copperweld Steel Corn Products Crane Curtiss Wright Detroit Edison Dow Chemical Dresser Wayne DuPont Eastern Airlines Eastman Kodak Firestone Ford General Dynamics General Electric General Foods General Motors General Telephone Goodyear Great Atlantic and Pacific Hershey and others. Market activity shows widespread declines and gains amid mixed signals.
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