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Show I 15 Thursday, January 24, 1980 Uintah Basin Standard Extension granted for sale of excess lands Secretary of the Interior Cedi D. Andrus has granted a blanket extension landowners for excess whose recordable contracts hsve matured, providing them additional time to find buyers of their exeess lands. On Dec. 26, 1979, the Secretary extended the deadline until the earlier part of the following two dates: Sixty days after legislation reform ' ing the 1902 Reclamation Law passed by the 96th Congress has been enacted: or, e Nov. 29, 1980, which for these ' purposes is assumed to be the date of adjournment of, the 96th Congress. . Thus, if reform legislation is not. ' enacted, these excess landowners must propose buyers of their excess' lands by Nov. 21, 1980, whether Congress in fact has adjourned or not j Reclamation law limits ownership of f lands . receiving federal irrigation water to 160 acres. Acreage above this figure isexcess land which the owner ; has agreed in a recordable contract to dispose of within a period of time, usually 10. years. In June 1977, Secretary Andrus . .. ' ; DEBATE Duchesne high school hosted a debate with To- biona and Altamont participating. Sharlynn Remington and Minako Abe, both of Altamont are pictured. Inflation fouls up property equalization - , Some new developments perti1979 income tax return are: 1. Tax rates hsve gone down. Example: A person with $15,200 of taxable income would pay $2260 in federal income tax in 1978. They would pay $2097 in 1979. 2. General Tax Credit has expired. $35 per exemption or 2 up to $180. So in the above example they saved $168 because of a tax reduction, but lost $180 in tax credit, so a net loss of $17 nent to ties added to the tax rolls after that date will have their values rolled back to the Jan. 1, 1978 leveL In effect, the change provided by the 1979 legislation will freeze" the assessment levels for locally-assessereal estate and improvements in Utah at the 1978 leveL Over a period of time, the move should correct the disparities that have developed among counties as a result of inflation. Foundation analysts . point out, however, that the 1979 change will gradually reduce the overall average .assessment level for this class of property and increase the disparities . results. Zero Bracket Amounts have Increased. In simple terms, automatically get $8400 of deductions if married filing jointly. Previously the amount was $8400 (single from $2200 to $2300). 4. Earned Income Credit has been Increased. If you now have adjusted gross income of $10,000 or less you may be eligible for a tax credit up to $500. (Previously $8000 or less, up to ' 8. d that exist between .real property and other property classes, such as personal property and locally-assesse- d property,- - which continue to be assessed in excess of 20 percent of recognized current values. Prior to the 1979 change, Utah law provided that local county assessors shall, with direction from the state tax commission, maintain their load ratios of assessment to fair market value. As a practical matter, however, these local ratios were not being maintained, and this accounts for the steady decline in assessment level ... following revaluation. state-assesse- - . $400.) 5. Political Contribution Credit One half of your qualified contribution up to $50 if single or $100 if filing joint return. 6. Unemployment Compensation may be taxable. If adjusted gross (without compensation) plus total unemployment compensation is greater than $2,000 ,if filing singlo, $2,500 if fifing married,- some or all of the unemployment compensation eould be taxable. 7. Personal exemptions have increased Duchesne community education Cattlemens banquet , county-by-count- y The Duchesne Community School program is underway, and, according to director Phillip H. Miller, classes in welding and woodworking need more enroll ees. The present schedule calls' for welding classes to be held Wednes- days from 7 until 10 p.m.; woodworking classes meet Thursdays, also from 7 until 10 p.m. Individuals interested in these or other classes are urged to call MilW at 788-221- 1, Other courses presently scheduled include elementary Spanish, womens slim nasties, tap dancing, and mens recreation. 722-513- 733-20- scheduled i The Duchesne County Cattlemen's Association will hold its annual banquet and awards ceremony Fridy, Feb. 1, at 7:80 p.m. The event will be held at Neola Ward cultural hall, with Alarik Myrin, president of the Utah Cattlemens Association, as featured speaker. All area cattlemen and their guests are invited to attend. The dinner will be catered by the Neola Ward Relief Society. Presentation of the Duchesne 1 M IT COSTS YOU MORE TO WAIT FOR LOWER INTEREST RATES! Inflation Is helping to than 15 raise the price of a new home more A $50,000 new home today will cost over $11 5,000 in the next five years! . The extra interest cost you may have to pay now is far less than the additional cost of a new home later. Buying a new home is one of the best ways to get inflation working FOR not AGAINST you, for a change! can make it even better to Your local Interstate Home-Pr- o buy now with special home prices during January. See him soon. He has the right home at the right price. For Complete Details: Snow Construction 23 East 2nd Century INTERSTATE HOMES CoflBlrgl INC. from $750 to $1000 per exemption. Gasoline taxes are no longer itemized deductions. 9. Standard mileage rates have increased from 17 cents to 18 Vi cents for the first 15,000 miles. Medical and moving purposes have increased from 7 cents to 8 cents per mile. 10. Minimum tax has been revised. Capital gains are no longer considered minimum tax preference items. 11. Alternative minimum tax will now affect capital gains - and adjusted itemized deductions if line 84 of Form 1040 plus capital gains and adjusted itemized deductions exceed $23,300 if filing jointly. -- Courtesy of Casperson, Seeley & Assoc., CPA 8. 21 North Building Roosevelt, Utah 7224403 CALENDAR Thursday, January 24 Senior Citizen lunch, Duchesne, 1 p.m. Saturday, January 26 Appy club sleigh ride, pot luck and dance at Max Fishers, 1 "mile East, 1 mile North, Altonah Horsey families invited, 4 p.m. Tuesday, January 29 Senior Citizen lunch, Union high school, 1:15 p.m. Thursday, January 31 Senior Citizen lunch. Roosevelt Center 12 noon. Monday, February 4 V General meeting for cast, members & technical helpers. For "South Pacific". 6 p.m. Duchesne high school auditorium. IV class set for LPNs An intravenous therapy class for Licensed Practical Nurses ia scheduled at Uintah Basin Area Vocational ' Center beginning Monday, Feb. 18 and continuing through March 24. Classes will be held from 4 until 8 p.m., and Saturdays March 8 and 15, from 8 until 11 a.m. Six hours of clinical experience will be arranged. The fee is $30, and malpractice ' insurance ia required. The basic course will include anatomy and physiology, fluid and electrolyte balance, intravenous and pharmacology, and clinical experience. The instructor will be Connie Martin, R.N., assisted by Sherry Stettler, R.N. The licensed Practical Nurse Association of Utah has approved 4.5 continuing education unite, and the Utah Nurse Association has approved 85 contact hours for UN's. , , USU will provide three hours for an additional $10 fee. main-tainan- Instead of taking outFranch doors, create the illusion of more space in a room by covering glen panes with mirror foil. HlB Specials January 23, 24, 25 nMm Editor's Note: Energy Focus is a Minim written by the Independent Petroleum Association of Mountain pStetea JIPAMSL: IP AMS quMtionz regarding energy development for the Energy Focus column. should be directed to Questions IP AMS Energy Focus, 1213 Denver Club Building, Denver, Colo. 80202. DP AMS will attempt to answer oil questions which ore sent in, either through the column which will bo in this newspaper, or through direct correspondence. -- -- Question: What has held down gaa and oil production in the United States? Ralph A. McGinnis Seattle, Wash. Answer. Many things, but mostly government regulations, price controls and plain old economics. Since 1970, when the U.S. produced moat of its own oil, domestic oil production has dropped from about 10 million barrels a day to nearly 7 million. Thats because the older wells began to dry up and produce leas after many years of production. At the same time, not enough new wells were drilled to replace the older production as it declined. Why weren't enough new wella drilled? Because some major oil operators were finding a lot of oil abraod at relatively leas expense. The search for foreigh oil was stimulated by U.8. government policy on foreign and domestic tax credits. All this occurred during a period when natural gas prices were held at unnaturally low levels by the federal government. These controls were first instituted in 1954 and have been with ua in some form ever since. There has been only one period in our modern petroleum age when there were no controls. That was between ihe end of World War H and 1954. What happened? The industry produced more reserves that they could selL Enough to last until 1970. Shortly low-volu- . HOMEtRRO , Coincidentally, environmental regulations saddled the industry with huge expenses. Thus, the oil and gaa companies had no economic incentive for risking their capital at home. They tended to drill abroad, or. go after the safer, wells at home, or even drill fewer wells because they were afraid the wells wouldnt pay lor . Home-Pr- o , J thereafter, certain domestic tax breaks were taken away by Congress, and the nations energy posture has been on a downhill slide ever since. a year! Contact Your Local Interstate Coun- ty Cattleman of the Year will be a highlight of the event, and service awards will be announced as welL New board members will be elected at the meeting, so all members are urged to be present Phono nows Itoms to or Kdered a moratorium on excess land ales approvals. The moratorium was hfted on excess land sales outside the Westlands Water District in California rly last year. At that time, landowners of excess land under mature recordable contracts were Riven until Dec. 81, 1979, to propose buyers of their excess lands. If they did not sell their exeess lands, the Secretary would step in and sell the lands for them. By September 1979, several landowners whose contracts had expired, requested an extenaion of one year to find qualified buyers. After careful consideration, the Secretary granted the extension on Dec. 26. This extension does not apply to excess landowners in the Westlands Water District in California where the Secretary is still under a court-ordere-d injunction against approving any excess land sales. There are no lands under recordable contract In the Upper Colorado Region (covering most of Utah, Western Colorado and small potions of Arizona, and Nevada, Wyoming, Idaho) to which this extension apply. New developments for 1989 income tax i Despite improvements 'in the quality of assessments resulting from the property revaluation program, inflation has tended to destroy tax valuation balance among Utah counties. ' This was the conclusion reached by Utah Foundation, the private tax research organization, in a study 6f property assessment levels in Utah. According to the foundation report, the property revaluation program, which now has been completed in all 29 Utah counties, has greatly, reduced the inequities that formerly existed and properties among individual among property classes. Uniformity of assessment improved dramatically within each county following revaluation. Moreover, there is greater uniformity in assessment levels (the ratio of assessed valuation to fair market value) among property classes than ever before. Inflation in real estate values, however, is creating new assessment disparities among individual counties. When property first is appraised, it is placed on the tax rolls at or near the 20 percent leveL Rising real estate values soon cause this initial equalization to become . dated. The' ayerage assessment livel : of property in counties which were revalued and placed on the tax rolls at near 20 percent in 1972, for example, .had declined, to 7 percent of current market value by 1979. On the other hand, the average assessment level of Hie last three counties to be reappraised was 19.85 percent in 1979. According, to the .report, the average assessment level in Duchesne County during 1979 was 7.28 percent-Thusa property with a current market value of $100,000 in Duchesne County is likely to be assessed at $7,230 last year. For the state as a whole the average assessment level was 14.13 percent in 1979. Assessment levels for earlier years in Duchesne County were 7.47 percent in 1978, 10.56 percent in 1976, 12.93 percent in 1974, 18.70 percent In 1972 and 11.26 percent In 1970. The revaluation program went into effect in Duchesne County during 1972. The study notes that legislation enacted by the 1979 Utah Legislature attempts to correct the disparity among counties by providing that .taxable real properties revalued...aft-e- r Jan. 1, 1978, shall be appraised at current fair market value and the value shall be rolled back to the Jan. 1, 1978 leveL In addition, new proper CORflRflUMOTV themselves. Wage and Price controls further increased expenses and steel and pipe became scarce. All this discouraged capital investment even further, and the country quickly became dependent upon oil imports. Now that most of the price controls have been or are being removed, companies are using their profits to explore more intensely at boms because there is a better chance they will find oil that can be add at a profit and reward them for their investment But all this progress in being energy independent again may be destroyed by windfall profit" legislation that will take away billions of dollars in money that could be spent to find mare ml at home. Ivory Soup Starter Tuna Coffee Air Fresh Tissue Pepsi Bread Cupcake Cupcake Saurkrauf Sr Side Quicks Light & Tasty m""" Shampoo Vog. Beef. 99 80 . Chunk Light Folgers Flaked 39 oz. .' ."11..' Box . 0) ! I 75 46 Bath Roman Meal 229 125 69 4l 99 48 53 Quicks I09 Cocoa Sirs 379 BBC 99 I9 Oranges 4$l Lids&sr0" 2 m Magic Button Caps ILICflm & Rings Reg. Size Produce Onions Russets No. 1 Yellow 8: Lb 59 io it. Meat ,69 Fryer Legs. Pork Chops Spareribs Round Steaks Bacon srs: Phone 738-245- 1 ... : $1 ?129 $2?9; 1 Duchesne ; Phone Orders Welcome Free Town Delivery Before 5:00 p.m. I |
