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Show JOSEPH H. CUBLER JAMES M WILSON 1 1 j (jlJ3lER & ctR,FEDpuaucAccouN,ANTs ' J BOX 1139 360 WEST 200 NORTH A CC I AT" CC .' CEDAR CITY, UTAH 84720 INVESTMENT CREDIT (The New Rules) Investment credit is a tax savings device designed to stimulate the purchase of business assets. Most business depreciable personal property qualifies for investment credit as well as some types of real estate. Real estate which qualifies includes some single purpose agricultural buildings, livestock fences, wells, and fruit trees. The credit serves to offset your income taxes dollar for dollar. For example, if your income taxes totaled $3,000 for 1981 and your investment credits equal or exceed that number, you would pay no income tax for the current year. Investment credit cannot be used to offset social security taxes. Credit earned in a given year which is not used to offset current income taxes can be carried back to create tax refund. Any credit unused for the three year carryback is available under the new tax act for up to 15 years carryforward. Property which qualifies for a three year writeoff under the new tax act is entitled to investment credit equal to 6 percent of the purchase price. Property qualifying for a five year writeoff of longer is entitled to a credit equal to 10 percent of the purchase price. Investment credit is not elective; you must take it in the year earned and carry it back and forward appropriately. Investment credit is above and beyond all deprecietion deductions and represents a true tax savings without a reduction in your depreciation benefits. There are special rules for investment credit on leased property. Taxpayers undertaking leases on any business assets should investigate the effects of investment credit before signing a lease. BOYS & GIRLS L J I IwTV MENS & LADIES BEACHCOMBERS CSLdMu SVN BEACHCOMBERS i mm nW?0 Hk3 2.w SIZES S-M-L yBSg mm VW U P ?Sm SIZES S-M-L LADIES POPSICLE wIaIW l' T LADIES STRIPED WEDGE SANDALS A J Xrri JsrV .Xmp A Ftes TERRY THONGS 3i fcsLJ h A GO FOR GOOD LOOKS, X Vm&h r zszs G&EQUALITYES' sizes 5-iq j - - : r J SIZES fr10 GIRLS EXERCISE mfi f7V l"l C1 C7 fflA LADIES BEADED SANDALS f WVl MOCCASSINS SIZES 5-10 T7 -TL lJ P S"ZES MO LITTLE GENTS & MR FOR THEENTIMILY gfT MENS WORK YOUTHS JOG SHOES U Li Ea E jtt OXFORDS na C?v5? iH-fPS offer good through tues., March 9, 1982 SittV.vR en ZSZX K (5)(p) f JSaPHE AVAILABLE AT ALL SamTtK U VP WR6E9G9 Ffflf) YELLOW FRONT STORES Slllv U oW sizes 5-1Q11-2 lMi 1III7 vy sizes 7-12 MENS LEATHER llFfe! r$5 R- PR" MENS & BOYS HIKING BOOTS WG JP1 fp Wk IVftfc JOGHSER SHOES MENS & BOYS H l"! AAj Wf4sS?v MENS CASUAL DESERT SHOES iftL yPI (O T)t SPORT SHOES 11 aft J J M sc sf k M U "UH A 2 A' i Just a lew shoes shown from our wide HWtU V U "lO 2 At . .... A' jy- r selection of sandals, slides, cork soles, VftttflBm V . ... 5IZt5 3"00 2"12 SSgzr y y . braided rope straps and morel Step into Wtw$wf I SIZES 0 2"12 ' w Sr Sprin wim s,yle' 5-10 N YELLOW n Daily 8:30 9 00 n pSfJfjjr" Sunday 9:00 6 00 684 South Main Phone 586-8612 |