New tax plan boosts individuals while aiding small firms
Congress approved a comprehensive tax package that preserves some small business benefits while delivering a broad personal tax rate cut averaging 25 percent over three years. The plan accelerates depreciation, raises estate tax relief, expands corporate earnings allowances, increases S corporation shareholders, and eases LIFO rules, with phased-in results from 1982 through 1987.
MENTIONED IN THIS ARTICLE
Washington
Congress
Commerce
Malcolm Baldrige
Governors
Tennessee
U.S
William Donkelberg
Purdue University
National Federation of Independent Business
Abraham L. Schneier
Smal
Schneier
Baldrige
Presidential Airways Adds Aircraft Sales Division
Presidential Airways announces a new Aircraft Sales Division to be managed by Richard J. Yersak. The Full Line Piper Aircraft Dealer will serve the Philadelphia area with staff Douglas Williams and David Rosenblum. The firm operates Westwind I fanjets and has long standing charter service since 1975. Pennzoil declares quarterly dividend 55 cents and $2 per share preferred, payable 1981 dates.
MENTIONED IN THIS ARTICLE
Eric E. Glass
Presidential Airways
Presidential Aircraft Sales
Richard J. Yersak
Taney Supply and Lumber
Taneytown
Washington National Airport
Northeast Philadelphia
Piper Aircraft
Philadelphia
Piper
Presidential
Douglas Williams
David Rosenblum
Williams
General Electric Co
Midwest
Rosenblum
General Aviation
Communi
Luscombe
Pennzoil Co
Pennzoil
Frederick County Chamber Picnic Set For August 19
Lake Singanore hosts the Frederick County Chamber of Commerce annual picnic with members chatting by lifeguards Colleen Gohegan and Barbara Davie. Activities include tennis and swimming at 1 p.m., set ups after 3 p.m., more games and refreshments at 4 p.m., dinner at 6 p.m. Price is 8.50 for adults, children 5 to 10 pay, under five attend free. Contact the Chamber at 26 S Market St Frederick for tickets.
MENTIONED IN THIS ARTICLE
Lake Singanore
Frederick County
Informatin
Chamber
S. Market St
Frederick
C. Kurt Holter
Market quiet day yields Amex record high
The American Stock Exchange composite index rose 2.40 to 380.26, surpassing its May peak as oil and gas issues drive strength. Dow Jones industrial average slipped 8 to 944.35, energy stocks muted by rate uncertainty, Merck led Dow movers with a 0.34 drop to 86. The Nasdaq composite closed at 212.36 after a small gain as volume cooled.
MENTIONED IN THIS ARTICLE
NEW York
American Stock Exchange Market Value Index
Amex
New York Stock Exchange
Dow
Ensource
Pennzoil
Paraiba Oil
Fluor 2
Auth
Oil
Merck
Exchange
NYSE
Standard & Poor
S&p
Also Mentioned on This Page
Edwat
Cities Service
Dow Jones
Port Allg Pw
Dr 16 Ag Sic
Clorox SX Corp
Cocach Comsat
Falrenild Indust Md Boe
Giant St
Harris
IBM
Kmarta
Litton
Marriott Corpst
Mercantile
Bokshi
Mobil
Penney
Planta
Satewy
Sears
Tandy
Texaco
Remington Single Element
Hermes
Olivetti
SCM
Rogers Office Supply Lion
Market St. Frederick
BUICK
Urbana Pike
Evergreen Point
General Motors
Mont. Co
Wash
Skylark Days
Taurmickk
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