Carrol Daily Times Herald from Carroll, Iowa on April 6, 1976 · Page 12
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Carrol Daily Times Herald from Carroll, Iowa · Page 12

Carroll, Iowa
Issue Date:
Tuesday, April 6, 1976
Page 12
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Tax Review Board to Study Iowa Property, Income Tax Systems By Harrison Weber I Iowa Diily Preii AliocliUonl DES MOINES — The state board of tax review plans to undertake a comprehensive study of the state's property and income tax systems. In a report to the Legislature, the board emphasized that the study will be non-partisan. The board hopes to have specific reform recommendations ready for the General Assembly when it convenes next January. The study is a departure Oak Leafs to Kasperbauer Major Patrick J . Kasperbauer. son of Mr. and Mrs. John S. Kasperbauer of rural Manning, received his oak leafs from his wife Kathy, and Depot Commander Colonel James F. McCluskey in promotion ceremonies at Tooele, Utah, Army Depot. Kasperbauer, a 1961 graduate of Manning High School, entered the Army in 1964. and was commissioned as an artillery officer in 1965. He has served two tours in South Vietnam and various assignments in the continental U.S. and Alaska. Major Kasperbauer attended Iowa State University prior to entering the Army and completed requirements for a B.S. degree in 1970 at the University of Nebraska at Omaha. He is authorized the Joint Services Commendation Medal. Aviator Crewmember Wings, 1 the Vietnamese Signal Advisor Badge, the Bronze Star Medal with'Oak Leaf Cluster, the Air Medal with four Oak Leaf Clusters, the Reserve Forces Medal-, the National Defense Service from the board's usual role. Normally the board serves in a review capacity, being empowered to pass upon all actions of the revenue director and affirm, modify, reverse or remand such actions. The board's decision to make the study in the coming months probably was influenced by the fact that one of its members. Dr. William G. Murray, an economist at Iowa State University, served on a legislative property tax study committee back in the 1950s. Other board members are Keith McKinley, Osage, chairman, and Louis Nussbaum, Des Moines. The board intends to conduct public hearings to provide the various economic interest in the state ample opportunity to present their views on the question of tax reform. Following are some of the board's recommendations to th£ Legislature based upon its continuing study of the state tax structure and the appeals heard during the past 12 months: Maj. Patrick J. Kasperbauer Medal and Vietnam Conflict Ribbons. Kasperbauer is presently assigned as 'the Deputy Director, Directorate for Administration at Tooele Army Depot. The Major and his wife, the former Kathy Meiers of Manning, their two daughters, Kimberly and Jennifer, and son Patrick reside at 659 North Brook . Avenue, Tooele, Utah. PRE-SEASON SALE Long Range Forecast... HOT-DRY SUMMER!! JM Let DREES CO. Install fwmana CENTRAL AIR CONDITIONG TODAY! At PRE-SEASON SALE PRICES! Add-on mana remote condenser and cooling coils to your present forced air furnace! One low price includes all this: • HEAVY DUTY, PRE-CHARGED CONDENSER! Featuring Amana built coils with "rippled fins" for optimum heat transfer. Powerpact compressor, pre-wired control panel, 4-way rust protection. • MATCHING INDOOR EVAPORATOR COILS! Coils feature quick-connect fittings and are factory processed, sealed and charged, thereby eliminating costly evacuation or charging time. • INSULATED PRE-CHARGED TUBING! For quick-connecting to evaporating coils. • CALL FOR FREE ESTIMATE! We'll make a complete home-cooling analysis in your home at your convenience. Call today for an appointment. HEATING PLUMBING AIR COND. DREES Co, 792-2863 Carroll Iowa HOME OF DEPENDABLE SERVICE HOME APPLIANCE CENTER Income tax — The board favors adoption of legislation providing for income averaging similar in nature to the federal provision. "Because of the rapid inflation rate and the substantial increase in income tax rates, we believe that this is an important method of achieving some balance for the taxpayer," the board stated. Although present statutes specifically provide for the withholding of tax on Iowa income to non-resident taxpayers, nevertheless, the Times Herald, Carroll, la. Tuesday, April 6, 1976 12 board of tax review believes there is a substantial amount of revenue being lost to the state due to the lack of any effective means of enforcing the law. The board is recommending that all payers of Iowa income to non-resident taxpayers be required to file an informational return similar to federal form 1099 in lieu of acting as a withholding agent; thereby placing the direct responsibility on the non-resident taxpayer to file a return and to pay the required tax. The board is also recommending that corporations be allowed the 100 per cent deduction of federal income taxes when filing corporate income tax returns. Jurisdiction of the board — The board wants the Legislature to clearly define the jurisdiction with regard to matters of equalization. This question is now in litigation as a result of hearings held by the board of tax review in December. Inheritance Tax — Since the value of real estate for both inheritance tax and property tax purposes is "market value," the board is recommending that legislation be adopted to provide that the value of residential and commercial property in a decedent's estate be its assessed value for property tax purposes. The board acknowledges that since agricultural lands are not now assessed at market value because productivity is also taken into consideration, this same method cannot be adopted. On agricultural realty the assessed value would have to be increased by a percentage set annually by an official or board designated by the Legislature, the board said. "This system" the board added, "would eliminate completely the use of the county inheritance tax appraisers for real estate purposes and provide a substantial reduction in appraisal costs to every estate containing real property." Marion May Discontinue Its Social Security Coverage Harkin Bill to Convert Trash to Energy By Paul Holley (Iowa Daily Press Association) DES MOINES — At least one Iowa city — Marion — is considering discontinuing social security coverage on its police and fire personnel and others may not be far behind. "The city wants out of the social security payments because the police and firemen have a separate plan and they have had to pay into both for quite some time." said Ed Allen, assistant director of technical advisory service for the Iowa League of Municipalities. Allen estimated the move would save the city $300,000 a year in social security payments without jeopardizing an employe's right to coverage on money paid in to date under the social security program. Other city employes would remain covered under social security. Under Iowa law. civil service pensions for firemen and policemen do not go into effect until a city reaches 8.000. Until that time, all employes are covered under social security. Allen said that under a federal ruling in the 1950's, cities that reached 8,000 had to begin civil service pensions for fire and police personnel and also continue social security coverage. Cities over 8,000 with existing civil service pensions were not affected. Marion is not alone in the duplication of pension payments. Allen said Creston. Decorah, Estherville, Grinnell, Indianola. Spencer, Storm Lake and Urbandale are probably paying on both social security and civil service pensions. Marion is the only city that has discussed dropping social security with the league. Allen said other cities may consider the possibility if funding difficulties arise. Iowa counties are apparently not concerned with any duplication of pension payments. John Torbert. information director for the State Association of Counties, said no counties have contacted his office concerning the matter. Under federal law. local governments have to give the social security administration two years' notice of the intention to pull out. Once out, the local government can't rejoin. WASHINGTON, D.C. - U.S. Congressman Tom Harkin says if Americans would use their trash, instead of wasting it, they could save billions of dollars, reduce our dependence on imported oil, improve our balance of payments, and improve the environment. Harkin, Who serves on the House Science and Technology Committee, says the potential energy contained in the nation's trash is '' no thing short of phenomenal." He thinks it ought to be used. Harkin has introduced a bill in Congress to encourage states and municipalities to construct waste recycling systems, similar to the one operated in Ames, Iowa, to put this energy to use. By burning municipal wastes as fuel, Ames is able to produce about 20 per cent of the municipal power plant's energy requirements. Harkin's bill provides financial and technical assistance to state and local governments to plan, implement, construct waste recycling facilities. It would also establish regional resource recovery institutes at several colleges and universities to continue research and development work on resource recovery. "With the important leadership provided by the city of Ames in this area, I think Iowa State University would be a prime contender for designation as one of the institutes," Harkinadded. A national policy of waste recycling could reduce U.S. oil consumption by as much as 512,000 barrels a day by,1980, from the 135 million tons of municipal and residential wastes produced each year, alone. "That's equivalent :jto over $2 billion worth- of 'oil'a year," Harkin said. "This would have a very favorable impact on our balance of payments, since that would b^ $2 billion worth of oil,eacH' year we wouldn't have to buy from the Arabs." He added, a national policy of waste recycling could free as'much as 95 per cent of the land now used for garbage dumps, for other uses. Harkin said, "For the past 20 years Europe and Japan have been proving trash can be used to produce electricity, both practically and in a worthwhile way. Why aren't we doing it here?" He noted the U.S. recovers only about 1 per cent of the total potential .energy from its wastes, presently. Don't be fuelish. OPflCE OF ENERGY CONSERVATION OF THE FEDEHAl ENERGY OFFICE Special ONE WEEK ONLY SOFA and LOVE SEAT SALE Nothing held back for this sale! Our entire inventory of sofas arid love seats will be on sale this week. Not just 20, 30 or 50, but hundreds to choose from! Buy now at these fantastic sayings . . . 10%, 20% or even more! You won't find better quality at lower prices anywhere! ^__^«»== s = S!= ^ ss ^\ 1 ii "ifr ~ .* <3f _ /• 11 Prices Start 179,0*699 ^^f^m #* fritj'tf.7 /* /<--• SAVE iV7o %> and MORE! Choose from the most respected nationally-advertised brand names . . . Kroehler, Stratford, MasterCraf t, Silver Craft," Fox and others. And pick your favorite style ... Country, Traditional, Modern, Contemporary, Transitional and Colonial. Choose vinyls, prints or patterns. Many family room groupings to look at. Great selections at great prices! See for yourself. Easy Terms m Year ^Serving Western Iowa] UP TO 36 MONTHS TO PAY it's the living end! OPEN SUNDAY 1 to 5 p.m. Wed. & Fri. Nights 'til 9 Ph. 792-4318 BIERL's FURNITURE East Edge of CARROLL, Hwy. 30

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