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Show The Enterprise Review, June 2, 1976 Page 10b Investment Summary Chuck Akerlow limitation, as passed by the House, would not be on a basis property-by-propert- y and would not apply to residential property if construction begins prior to January 1, 1978. My own feeling is Financial Summary Patrick J. Vactilin Compliance Inspections Appraisal and compliance inspection fees were changed by the Veterans Administration last week. The following fees are chargeable on all and inspection appraisal assignments: Appraisals Single family $55.00 65.00 Duplex 70.00 Triplex 75.00 4-Pl- ex each veteran in the event of multiple assignments. $13.00 According to the Mortgage Bankers Association, applications for' GI home loans Mileage Allowance . increased by 15 percent durAll travel under 30 miles ing the first half of fiscal year (round trip total) is expected 1976 over the same period in to be performed at no addi- 1975. tional cost. Travel performed Applications for GI loans in over 30 miles is chargeable at the state of Utah are also on 20 cents per mile for each mile the increase. According to over 30. Duplicate mileage Bonnie May of the Veterans charges may not be made in Administration, applications case of multiple appraisal or for the 1st quarter of calendar inspection assignments. The 1976 totaled 795. This comfee appraiser - inspector is pares with 714 for the same expected to equitably prorate period in 1975. The applicaallowable mileage charges to tions received so far this quarter have been astounding. In April there were 322 applications and Mays figures so far show 533 applications. The Veterans Administration can find no reason thus far for the sudden upsurge for GI mortgage loan benefits. KEEP IT MOVING! If you want to keep your business moving, the Review can help. If youre running a business, you can't afford to be uninformed. The more familiar you are with your total business environment, the better able youll be to take advantage of its opportunities. Because the Review is a specialized publication, we can provide our readers with the most complete, accurate, and diverse reports about the Utah business scene. Growth centers, sales tips, retailing information, advertising analyses, real estate, finance, investment opportunities, industry trends, legislation, management problems (and solutions) and more. Its all in the Utah Enterprise Review each week. Utah business is on the move. Move with it. SUBSCRIBE TODAY Yes, please send me the Utah Enterprise Review. Enclosed is an $18.00 check to cover my one-yesubscription. P.O. Box 11778, Salt Lake City, Utah 84147. ar Name Company Name. Address .State. Zip As I reported last week, one of the important questions in shopping center development is the probable outcome of the tax revision proposals now before the House of Representatives in Washington. Particularly important is the disposition on the LAL provisions as well as the minimum tax on preference income provisions. Earlier this year I questioned Representative Allan T. Howe regarding his view of both provisions. The following is taken from his letter dated Feb. 26, 1976: that real estate investment is most often a high risk venture and that some form of incentive is needed to attract capital. The Committee felt some abuses needed correcting by some amendments. The Committee proposed an amendment to apply LAL real estate investy ments on a basis as a way to prevent This artificial tax write-offamendment which applied only to individuals, and not to property-by-prop-ert- s. incorporated builders and 6 developers, was defeated during House consideration of the bill. What the final result will be after Senate consideration is undecided. Regarding the minimum tax on preference income, the House passed an amendment that would strengthen it and The Limitation on Artifi- increase the number of tax cial Losses (LAL) provisions as preference income items subapplied to real estate passed ject to tax. This change will the House as part of. the tax prevent certain wealthy indivreform package. This proviiduals from evading or paying sion would apply to accelerartificially low taxes. Specifated deductions such as inter- ically, the $30,000 exemption est and taxes during the would be lowered to $20,000. construction period. The Continued on Page lib 192-22- |