Tax Break Blamed on Error in Governor Plan
Sacramento lawmakers and an oil lobbyist blame a drafting error in Governor Reagan's tax plan for broad mineral tax windfalls. Porter's amendments expand depletion allowances to many minerals, potentially costing California $1.4 million, and align with federal rules. The change reduces oil and gas taxes while expanding relief to granite, marble, zinc, and others.
MENTIONED IN THIS ARTICLE
Sacramento
California
Ronald Reagan
Assemblyman
Carley V. Forter
D-Compton
Reagan
Porter
Assembly
Ways and Means
Owas
James A. Hayes
Long Beach
Sunday Mail Firm in Bankrupt Court
Sunday Mail Inc filed a voluntary reorganization petition in U S District Court in Los Angeles seeking protection from creditors while restructuring after selling 431 dealerships in the Los Angeles area at 3000 each. The firm faced 495000 in debts to 850 creditors as it failed to deliver leaflets to 3500 homes on Sundays.
MENTIONED IN THIS ARTICLE
Sunday Mail
Los Angeles
U.S. District Court
Robin Hood Maoists Feed Paris Slums
Paris slum residents received a rare banquet as young Maoists distributed stolen food and subway tickets from a luxury raid. They claimed to be militants of the people's resistance, while police investigated the robbery and related debts. Meanwhile Sunday Mail faces court receivership and a probe into finances and dealer payouts.
MENTIONED IN THIS ARTICLE
Paris
People's Resistance
Nine Florida Women Seek Bank Charter
Nine Florida women seek a state charter to establish and operate a bank, The First Women's Bank of Florida would be near Miami Beach retirement center. They aim to train women in financial matters and ease the fear of banks while pursuing a $1 million capitalization per the Tallahassee Banking Commissioner.
MENTIONED IN THIS ARTICLE
Florida
Miami Beach
Fila
Women's Bank of Florida
Mal Englander
Tallahassee
Fred C. Dickinson Jr
Incomplete Quote Sparks Debate on Bank Approval
A fragment from Dickinson hints at a routine decision later this year about approving a first-of-its-kind bank in the country. The missing context leaves key facts and parties unclear.
World Flier Nelson Dies at 81
HONOLULU, ERIK HEMMING NELSON, a pioneer aviator and retired Air Force brigadier general who helped circle the globe in 1924 aboard a Douglas World Cruiser, died Saturday at age 81.
Also Mentioned on This Page
Press-Telegram
PAV
Meath
Carlton
United States
Maico
Coli
Wiliam R. Russe
Orange Counties
Russel
Curtis B. Danning
Maxime Shoppe, Inc
Hong Kong
Ces
David Valwant
Vagabond Motor Hotel
Atlantic
Dickinson
Ballantine's
World Flier
CC Porter
First Federal Savines OF
Alort Roar
OCEAN
Emst Phone Himboak
Eas
Ayo Rein
Goodyear Service Store
Anaheim ST
Torrance
Torrance Blvd
Lakewood
Candlewood
San Pedro
Pacific Ave
Norwalk
S. Pioneer Blvd
Artesia
Pioneer Blvd
Los Altos Center
Bellflower Blvd
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