Show ill r t k r J d Y r f n 44 01 jc v 0 I KIDS lOVE the water and mothers like to relax in the shade as they watch the young young- youngsters enjoy themselves safely at the wading pool in the County City Park in Vernal I L S S Sa a n ot KIDS OR ADULTS residents or visitors everyone finds the Vernal pool at the county city park behind the Utah Fieldhouse a refreshing break in a hot day Staff photo Sen Benn Bennett tt Urges Measure To Attract Industries to Rural Areas A WASHINGTON-A new tax incentive bill designed to alize rural communities by at at- at attracting producing job indus indus- industries tries to small towns was co co- co cosponsored sponsored today by Sen Wal- Wal Wallace Wallace lace F Bennett R THE UTAHN who is sponsor ing time the bill with Sen James B Pearson Kansas R-Kansas said The bill would greatly benefit human and natural resources of rural America Ito He added I also believe it would not only stow down the migration from time the rural areas because of the lack of economic opportunity but also I reduce population pressures in urban centers lie III said It should help many many rural areas s in Utah THE TUE UTAHN explained that the bill proposes as tax incentives lives tives a 14 per cent investment credit on machinery and a sev sev- sev seven en per cent investment credit crediton crediton on the cost of buildings tax incentives are an accelerated depreciation of two thirds of normal useful or class life for machinery equip equip- equipment mont ment and buildings and per cent for salaries and wages hired for a period of three years All credits and deduc- deduc deductions lions can he be carried backward three years or 01 forward for up to ten tn years Sen Bennett said A COUNTY to qualify under tIme the hill bill cannot have a city with witha a population of more than 50 The county must either have lit at least 15 per cent of time the families with sith annual incomes under or have an an- an annual annual nual employment rate decline of five per cent during time the last five years A A county in which the clos cbs cbs- big ing or curtailing of operations by a Department of Defense in- in installation installation has caused a substantial substantial out migration could qualify as could an Indian reserva reserva- Sen Bennett said HE POINTED out that an in- in industry industry must create at least 10 new jobs at time the start of its op and must show a rca rea- reasonable ratio between capital and jobs created in order to qualify for time the tax incentives Sen Bennett said At least half of the original working for for- force ce cc must be area residents lie Ill added Although precise predictions are arc impossible I believe believe this bill would result over time the long run In an increase of tax revenues because of a stronger rural economy and easing of pressure of Federal urban programs |