OCR Text |
Show THE SALT LAKE TIMES FRIDAY, NOVEMBER 20, 1959 Page Five Small Business Board Lists New Regulations Small ' business investment companies licensed by the Small Business Administration may fi-nance foreign operations of the United States' small businesses if a major portion of their ac-tivities are under the jurisdic- - tion of the United States, Harold R. Smethhills, Regional Director of the Small Business Adminis-tration for this area announced this week. The announcement came in the form of an interpretation of the Small Business Investment Act of 1958 in the first issue of the "Reporter," a new publication of significant developments in the small business investment company program. In the same issue the SBA an-nounced it was accepting appli-cations from licensed SBIC's for loans under Section 303 of the Small Business Investment Act. This section permits licensed SBIC's to borrow funds up to 50 per cent of their capital and surplus for ent in the small businesses. These loans carry an interest rate of 5 per cent. "Sir, may I have a pass to go shopping with my wife this af-ternoon? "No." "Thank you, sir." Thiokol Chemical Nears 3,000 Employee Mark Thiokol Chemical Corporation Utah Division is approaching its 1959 goal of 3000 personnel, ac-cording to Bryce Wilhite, assist-ant general manager and tech-nical director. As of last Tuesday, the work-ing force at the northern Utah Division has been in operation only a little over two years. Total payroll for the rocket engine facility passed the million dollar mark last July. Mr. Wil-hite said the latest monthly pay- - roll figure was $1,464,713. The Utah Division has been adding around 200 new em-ployees a month. Mr. Wilhite said that hiring of all but highly specialized personnel has been temporarily curtailed to permit the present work force to be fur-ther developed into a cohesive unit. "Our goal right now is to make maximum use of our present personnel," he said. "We want to develop the most efficient force possible for the performance of our mission." The Utaht Division is eventu-ally expected to employ around 4000 persons. Revenue Service Lists Formula For Tax Deduction Internal Revenue Service this week released for the first time the guidlines it will use to de-termine whether the estimated amount you deduct for 1959 on your federal income tax return for Utah sales tax is reasonable and acceptable. Roland V. Wise, District Di-rector at Salt Lake City, said th IRS guideline for Utah Sales tax deductions is 1.5 per cent of adjusted gross income or $150., whichever is less. If an amount in excess of the above is claimed it must be substantiaed by prop-erly itemized statement of tax-able purchases. ' This information, he said, is only for those who itemize their deductions instead of taking the standard deduction. "We believe the information will make it easier for such tax-payers to fill out their returns as it relates to the sales tax de-duction," he said. He warned, however, that the law is specific in its require-ments that taxpayers keep rec-ords of their deductions, includ-ing sales taxes, in case they may be called on to furnish proof for i any item appearing in their re-turns. I Waterfowl Season Enters Seventh Week Utah's waterfowl season rolled along into its seventh week of ' . hunting with field reports list-ing an "average" hunt to date, according to the department of fish and game. The department said an in-creasing number of birds are showing up on waters in the south half of the state as colder weather sets in. The reports tell of ample birds, both ducks and geese, in the Clear Lake and Sevier hunting areas. Shooting has been limited by freezing weather on the marshes around the Great Salt Lake but the reports show a plentiful sup-ply of ducks remain in this part of the state. The waterfowl season con-tinues through Jan. 8, 1960, and gunners were reminded that both federal and state law must be obeyed regarding the slight change in shooting hours each day, along with all other regula-tions governing this hunt. Shooting hours and from sun-rise to sunset. However, actual opening and closing times for each day's shoot are listed in the waterfowl proclamation. The record shows many arrests made recently for both early and late shooting. Daily shooting times should be checked before going afield. Proclamations are available from department of fish and game offices or from license vendors over the state. Adjustable Bazor 9 Settings for Superb Shaves! $1.95 HStj ifs Gas Cla&jnh' Tim Clothes with a X Gas Dryer y; 1m ' ' Sine. 1939 . The overage wage paid l nVlloh workers has gone mmnr w and the coil of living 150 "has gone yp08 i " Warm air as gentle as a spring breeze brings a refreshing ioo ""- 1- --but the st of , Natural Gas difference to clothes drying, when you use a Gas Dryer. It s so - - Mrvtd to as welcome as sunshine and clothes come out fresh, clean residential users in Utah is and fluffy wonderfully soft and comfortably cool. ummmmmmmmmmmmmmmmmtmmm MOUNTAIN FUEL SUPPLY COMPANY SffiM& f)i. Serving 84 communiflt in Uloh and Wyoming with Natural V? !mnrlorn (It)) G - P,rfel ,w,! for tloih drinfl' hta,in9 "okin' X. IDl5ilU21V S wotwhtatin refrigeration, outdoor lighting, air conditioning. JASaIZI(J& -a-nd arrange for a demonstration talking's more relaxed on a bedroom extension phone nine new colore... to order, call any business office of Mountain States Telephone D r 4 " ' I |