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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Jul 04, 1984

Page

7

Banks waive fees for Personal Secured Credit Line

Columbus Huntington Bank will waive the $250 appraisal and closing fees through Sept 29 to encourage homeowners to tap equity for large expenses. Minimum payments are 2 percent of balance, at least $100, plus interest. A $35 annual fee is charged only after use. Dayton AP: ICOT Corp of Mountain View, Calif., to make adapters so NCR computer terminals can connect to other systems.

Columbus Huntington Dayton California NCR Corp NCR Icot Corp Mountain View Calif

Income tax change trims car, computer deductions

The 1984 Tax Act, soon to be signed by President Reagan, cuts deductions for business uses of cars and computers and freezes expensing at $5,000 through 1987. It imposes a 50 percent business use test, requires straight line depreciation, and mandates detailed contemporaneous records of business use starting next year.

Chicago Tribune Reagan Robert Greisman Chicago Alexander Grant & Co Greisman O’dea

Vacation home buying cautions from a real estate expert

New York AP report cautions that vacation homes are volatile discretionary purchases. Expert Thomas O'Dea warns values swing with gas shortages ski seasons and recessions, and taxes limit depreciation write offs. Management costs and risk of tax scrutiny further reduce appeal of a such investment.

New York Thomas O’dea O'Dea O’dea

Also Mentioned on This Page

Business News Gasahol Ohio Anthony Celebrezze The Money Center National “Aty Bank Awem Jonathan’s Country Furniture Jonathansountry Furniture Griswold Rd Elyria Lorain RT. 5
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