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Show i .8 Utah's income has grown in double digit The SiinNpw; Wodnesdav.March 24. 199a County, $34,372; and Centerville, Davis County, $33,285. The data shows that between 1990 and 1991: Personal exemptions claimed grew by 6.2 percent. Federal income taxes paid by Utahns increased by 14.8 percent. Itemized deductions rose by Utahs adjusted gross income grew 10.2 percent between 1990 and 1991, while the number of federal returns grew 6 percent, a State Tax Commission report said. The report, Utah Statistics of Income - Return Year 1 99 1 , shows total federal adjusted gross income (AGI) for the state rose from $17.5 billion to $19.2 billion. The number which of personal exemptions roughly equals the number of people in the state increased from 1.55 million to 1.65 million. Total wages rose 9.8 percent. The report, produced by Thomas M. Williams of the Tax Commission's Economic and Statistical Unit, summarizes and analyzes tax return data from the Internal Revenue Service. In 1991, as in 1990, the two fastest growing contributors to income were partnerships and sole Williams wrote. proprietorships, Park City led the state as the post prosperous city, with an average adjusted gross income of $39,413. Behind Park City, in order, were Stansbury Park, Tooele County, $39,273; Liberty, Weber County, $36,910; Farmington, Davis County, $36,081; Alpine, Utah County, $35,528; Pleasant View, Weber County, $34,958; Fruit Heights Davis County, $34,881; Sandy, Salt Lake -- New 1993 Ford Tempos 2 door, 5 speed, air Buy or Lease at only I mo Financing Available NEW LAYTON TRAVEL TRAILERS -- Wheels Types Prices starting at 6-5- 5-P- ull th 3-Us- 34.6 percent. The report shows Utahs fastest growing ZIP code areas during the preceding five year period was Salina, Sevier County, 84654, which grew 88 percent, while Enterprise, Washington, County, which had been last years fastest growing city, declined by 34 percent during the same period. Bluff, San Juan County saw 60 percent growth; Toquerville, Washington County, grew 49 percent; Cedar Valley, Utah County,40 percent; Montezuma Creek, San Juan County rose by 33 percent. Other declining zip code areas were Newcastle, Iron County, off 24 percent; downtown Salt Lake City, down 19 percent; Sigurd, Sevier County, down 15 percent; and Beaver County, off 15 Min-ersvill- e, ed New rental fee for holders of unpatented claims Holders of unpatented mining claims will have to pay a new rental fee of $100 per claim per year, if the Bureau of Land Managements (BLM) proposed rule goes into law. The rental fee requirement suspends a Mining Law requirement for performance of a minimum of $100 of assessment work per claim per year. Instead, mining claimants must pay $ 100 per claim for each of the two assessment years established intheAppropriatss Act, Sept. 1 1992 through September 1, 1993, through September 1, 1994. For existing mining claims, located on or before October 5, 1992, that are not otherwise exempt, both payments are due mo Financing Available Personal Watercraft Over 60 instock! on SAVINGS August 31, 1993. There are more than 1 million mining claims of record on federal lands. Claims are defined as lode claims, placer claims, mill sites, and by tunnel sites. The new fee is expected to discourage nuisance mining claims where the claimant has no intent to mine and reduce unnecessary surface disturbance that may be carried out solely to maintain a mining claim. If you have comments on the proposed rulemaking, submit them no later than April 19, to Director (140) BLM, Main Interior Building, Room 5555, 1849 C Street, NW Washington, DC 20240. Funds open up home ownership to low income Yamaha Wave Runner III & Super Jets and Polaris Models Available Financing Available! New Product Full Line of Lawn & Garden The share of taxpayers itemizing deductions fell from 35.4 to - 3 Instock Pre-Seas- 6.3 percent. - SNOWMOBILE PRE-SEASO- N .s: zz The Utah Housing Finance Agencys (UHFA) board of directors has approved the release of $26 million of low interest rate mortgage bond money which will be available to lower income Utahns at an unbelievably low 6.25 mortgage interest rate. This is the lowest 30 year fixed interest rate mortgage ever offered by the agency in its 16 years of service. The $26 million bond issue will provide home ownership for more than 400 lower income households in Utah who possibly never dreamed of owning their own county depending on the size of household and location of the home they want to purchase. UFHAs housing programs have provided home ownership for nearly 30,000 lower income families throughout Utah and have created more than 5,000 affordable rental units. These housing programs are funded through the sale of tax exempt bonds to private investors and through federal income tax credits. The bonds are the sold obligation of Utah Housing Finance Agency and ar repaid with money received from payment of mortgage loans; there are absolutely no tax dollars or other state government funds used in any of these UHFA housing programs. to home. Equipment! Order your 1994 Snowmobile Now and ave $$$ The agency will target these funds to first time homebuyers across the state. Limits will vary from county Taxpayers making errors on State returns Some taxpayers filing Utahs return are either forget- ting to take their personal exemptions or are claiming the wrong amount, the State Tax Commission long-for- I25L 1.5 cu. in., 25cc The ergonomic design of the 25L trimmer means more comfortable operation Extremely lightweight and quiet, for commercial lawn and landscape use Easy start, bw vibration and loop handle make tough pbs easier Royal48 - 3.5hp This mowers tough says. SAVE BIG NOW! 3 5hp B&S Quantum engine handles thick lawns thanks to a lightweight polymer deck that doesnt weigh you down. single lever height adjustment, rear bagger and convenient folding handle YTI30- - I3hp comes over certain thresholds. However, this change has resulted in some taxpayers either skipping that line altogether - missing thousands of dollars in tax exemptions- or entering their federal exemption amounts. Claiming the personal exemption amount from the federal return is incorrect because Utah only al- lows taxpayers to claim three fourths of their federal personal exemption amount $1,724 per exemption-o- n their state returns, Perry said. Either way, this mistake deand lays processing of the return any refund that might be due. The error may also result in more tax due than the taxpayer anticipated. - spends big bucks to upgrade state highways FORDWIERCURY gegtggfflB Due to changes in federal law involving high income taxpayers, the Utah long form had to be altered for 1992, said Tax Commission spokesperson Janice J. Perry. The amount of the personal exemption was removed from the face of the state return itself and a notation on the lien tells the taxpayer to check the tax booklet for instruction, she said, noting that federal law limits the personal exemption amounts for high income taxpayers with adjusted gross in . UDOT compact, rugged Husky yard tractor cuts the competitors down to size. Our advanced, lube system effectively protects the from excessive wear when mowing slopes engine and hills. Its OHV Kawasaki engine and heavy-dut- y transmission power through the thickest a 38 cut and side discharge With grass. rzi QHusqvarnanzj FOREST&GARDEN m 396 South Main - Gunnison Phone 528-724- 4 The Utah Department of Transportation is spending big bucks to maintain and upgrade the states infrastructure. During October of 1992, UDOT accepted bids on nine construction projects totalling $36 million. Donald Sleinke, Utahs Federal Highway Administration Director, says UDOT expenditure during the first quarter of the 1993 federal fiscal year is very impressive. Utah is certainly doing its part to stimu late the economy through its high- way programs, Steinke said. Between July 1992 and January 1993, UDOT advertised and accepted more than $110 million in bids on 61 projects located throughout the state. P.K. Mohanty, UDOT Chief Engineer for Preconstruction, says the figures reflect the Departments commitment to provide Utah with state-of-th- e art roads and highways through the twenty first century. |