The Salina Journal from Salina, Kansas on January 25, 1986 · Page 12
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The Salina Journal from Salina, Kansas · Page 12

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Salina, Kansas
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Saturday, January 25, 1986
Page:
Page 12
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Local/Kansas 2 The Salina Journal Saturday, January 25,1986 Page 12 House measure would allow tax break for hydrogen development "UO-T* * - ^k-WUWwaJF^ Every 10th Call-In Order FREE! ^ 9th & Klrwln 825-9478 J RALPH WEIGEL Bonds - Insurance Phone 827-2906 115 East Iron TOPEKA (AP) - A bill providing a tax break for companies that help develop the state's hydrogen industry was introduced in the House on Friday. Another measure introduced would force insurance companies to include in group insurance plans limited coverage for treatment of alcohol and drug abuse and mental illness. The tax bill, sponsored by 37 Democratic legislators, provides for a state-income tax credit of $100 for each $10,000 spent on research and development in the removal of natural hydrogen from the ground and for its use. Kansas has a large reservoir of hydrogen near Junction City, but the technology needed for to remove the gas and develop it is in its beginning stages. House Minority Leader Marvin Barkis, D-Louisburg, said the tax credit would encourage the growth of a new industry in Kansas. A similar bill was introduced in the Senate on Thursday. "Our (Democrats') thought is that we ought to be encouraging new industry," Barkis said. "You could look at it as a pilot project." The insurance bill is designed to end discrimination against the mentally ill, said Rep. Gary Blumenthal, D-Merriam. Eight House members, including five on the Insurance Committee and House Speaker Mike Hayden, are listed as co-sponsors. Under the bill, a company would have to provide coverage in group plans for 30 days of hospitalization or for $1,000 of care in outpatient clinics. Each employee would be limited to $7,500 for the lifetime of the policy. The coverage would be for treatment of alcohol and drug abuse as well as mental illness. Blumenthal said about 24 percent of the group policies offered in Kansas contained such coverage. He said companies lost millions of dollars a year because of employees' drug and alcohol abuse and mental illness. In addition, some employees do not seek treatment because they can't afford it, Blumenthal said. Other bills introduced Friday would: • Require public officials and candidates for office to report gifts or money collected on their behalf to the state Public Disclosure Commission. • Allow the state to pay half the cost of the installation of water meter for irrigation or industrial purposes. Under the bill, such an installation could not cost more than $500. • Allow insurance companies to invest in the newly formed African Development Bank, a company that represents companies in all African countries except South Africa. PAIR Bill would assist young fanners SALE CONTINUES Buy 1 Pair Of Sale Shoes At Regular Price Get 1 * Pair FREE! *(of equal value or less) 3s. Hundreds Of Pairs Of WAk Sale Shoes On Racks ' - I^X For Easy Selection! WOMEN'S MEN'S WOMEN'S & CHILDREN'S TOPEKA (AP) - A proposal that would give $5,000 tax credits to farmers who sell their farmland to other young farmers under certain conditions was introduced Friday in the Kansas Senate. Sponsored by Sens. Don Montgomery, R-Sabetha, and Jim Allen, R-Ottawa, the bill would provide tax breaks to farmers who sell their land, at a discount, to young Kansans starting in the farm busines. "This helps farmers who want to sell their land to help a younger farmer get started," Montgomery said. "They have to agree to sell their land on contract over 15 years or more and give the buyer an interest rate 2 percent below the average 90- day treasury bill rate. "The seller would be eligible for a maximum $5,000 tax credit and even the buyer could get in on it—that is if they make enough money to qualify for a credit." Montgomery said the tax credit also would apply to farmers who rent their land at a discount. However, the total available credit would be $5,000 for any combination of selling and renting. "One of the problems these days is farmers don't have the capital to buy land and interest rates are too high to borrow. We need to encourage selling of land between farmers." City to study motel financing, downtown Financing for the reopening of the former Hilton Inn, a federal flood insurance program ordinance and an update on the downtown renovation will top the city commission agenda Monday. Commissioners will report for duty 45 minutes earlier than usual, specifically to review the proposed flood ordinance and hear of progress on the downtown project. The informal session will start at 2:45 p.m. in the city manager's conference room. The regular session will start at 4 p.m.. Both sessions are open to the public. The downtown project has been in the planning stage for about a year. But actual on-site work is expected to begin in March with demolition of certain buildings on Santa Fe, Seventh and Fifth streets to make way for parking lots or open-air arcades linking Santa Fe with Seventh and Fifth. Shortly after the demolition commences, work on burying utilities in the alleys will begin, said City Manager Ruf us Nye. The flood ordinance also is old business. Approval of the ordinance would bring the city into the regular phase of the federal Flood Insurance Program, which is intended to provide more equitable insurance rates for homes and businesses. Owners of property with a higher risk of flooding will pay more for flood insurance than will owners whose property is a low-flooding risk. The purpose of the Federal Flood Insurance Act of 1968 is to, reduce annual flood losses through planning, and to provide property owners with affordable flood protection, according to the Federal Emergency Management Agency, which runs the program. In other business, commissioners will conduct a public hearing on a request for $1.65 million in industrial revenue bonds to help finance the purchase and renovation of the former Hilton Inn at Fifth and Iron. The motel went bankrupt two years ago. The motel has 144 rooms, a restaurant and a private club. < Also on the agenda: • A resolution authorizing the Kansas Department of Transportation to award a contract to install a traffic signal at Ohio and Albert. The cost is $60,313, of which the city will pay $6,031. • Consideration of an offer to buy the old Strand Theater in the 100 block of South Santa Fe for $42,500. The property would be demolished as part of the downtown renovation. • A recommendation from the city engineer to accept the bid of $24,960 from Dover Elevator Co. for installation of an elevator in the Smoky Hill Museum, 211W. Iron. Land bank buys farm in Gove GOVE (AP) - The Federal Land Bank bought another farm at a sheriff's sale Friday in front of the Gove County Courthouse. A crowd of almost 100 farmers looked on silently as the sale of the 1,274-acre farm owned by Edward and Cordula Werth was sold for $592,962. The land bank, which made a written bid prior to the sale, was the only bidder. The Werths have six months to redeem the property and will be able to continue live until then at their home, which they've occupied since 1948. There have been angry protests at other farm auctions in Gove County, but today's was quiet, lasting just five minutes and with no one chanting "No sale." "One thing I do want to say is let's keep this thing peaceful," Werth said before it began. He also thanked Doug Parker, president of the Federal Land Bank Association of Ness City, which filed for foreclosure against the Werths in mid-1983, for his cooperation in trying to avert the sale. Werth said he thought an agreement could have been worked out if more time were available. Parker, who recently replaced Clay Sniff, the land bank's president during most of the previous foreclosures in the county, spoke during a short rally after the sale. He said he was glad to see negotiations between lenders and farmers, but cautioned that "there's going to be many more of these sales." -25 Years In Salina- A. G. Edwards The Conservative Company For Conservative Investors A.G.Edwards & Sons, Inc. Investments Since 1887 101 United Building Salina, KS 67401 1-800-332-0347 or 825-4636 OPEN SUNDAY 1 TO 4 108 S. Santa Fe Downtown 114 S. Santa Fe NOW 2O% SAVINGS On Special Orders From Trend Line. Offer good Jan. 20 thru Feb. 21 at Jilka Furniture Sofas, loveseats, chairs and ottoman, by Trend Line...all at 20% off...Choose from over 400 designer fabrics from Trend Line's Special Order Program. Quality backed by an exclusive 10 year consumer protection plan only from Trend Line. A great way to start your spring decorating...with 20% savings on Trend Line's sofas, loveseats, chairs and.ottomans...ask about correlating wood groups also by Trend Line.. Trend Line Furniture, distinctive furniture built to last available now at Jilka Furniture. $ 633 SOFA SAVINGS OF 20% ON YOUR CUSTOM ORDER Trend Line Furniture a Mohasco company SOFA $ 690 SAVINGS OF 20% ON YOUR CUSTOM ORDER SOFA $ 566 SAVINGS OF 20% ON YOUR CUSTOM ORDER SOFA $ 672 SAVINGS OF 20% ON YOUR CUSTOM ORDER $ SOFA 598 SAVINGS OF 20% ON YOUR CUSTOM ORDER Matching Loveseats Available Credit Terms Available "Quality You Can Count On 1 JILKA i! •Furniture •Carpet •Drapery 131-135 So. Santa Fe — 132-136 So. Fifth Open: Monday-Saturday 9:00 a.m.-5:30 p.m. Thursdays 'til 8:00 p.m.

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