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Lexington Herald-Leader from Lexington, Kentucky • 1

Location:
Lexington, Kentucky
Issue Date:
Page:
1
Extracted Article Text (OCR)

-S I- ')(r- fVf Mm THE SATURDAY AND Cloudy Warmer See Page A-8 1 28 Pages Today srV'Jh'-' am March 1 5 1 975 yesterday Originally the committee had' made the effective date of the credit April 1 but it changed this provision after receiving protests from persons who were on the brink of closing a sale A provision was adopted reducing tbo tax rates in the first four tax brackets by one percentage point each This provision which would be in effect for 1975 and 1976 would reduce government tax collections by a total of $2 billion each year and would bring a tax reduction of $40 to any married couple with a taxable income i $4000 or more and $20 to any single person with a taxable income of $2000 or more A provision aimed at helping individuals who have lost money in the stock market or a business wu added to the bill It would permit them to adjust their taxes paid in up to three previous years to offset auy capital losses they hare suffered This type of adjustment known as a lost carryback has long been available to businesses These new provisions af- (See $29 BILLION Page A-8) Ti JUS AP WASHINGTON The Senate Finance Committee finished work yesterday on lcclslation that would reduce the taxes of individuals and corporations by $292 billion this year and by smaller amounts in future years Of the total tax cut for 1975 $2L2 billion would go to individuals The tax reduction that the committee approved compares with cut of $16 billion ist was proposed by Water Water Everywhere Hands Freed Patty Believed The Knox County town of Heidrick' was under water-yesterday' Above a an amphibious vehicle used by National Guardsmen to help evacuate residents travels less than 55 mph At right Mrs Elon Tuggle one of the many displaced residents comforts her dog' (Photos by Malcolm StaUona) DEBBIE HANDS one of the six persons jailed last week for refusing to answer questions before a federal grand jury is freed PAGE 04 Back Out West Where To 0 Look to 15 Cents used to leaving their homes in the middle of tho and that most families were well-pleased that aid was available Mrs Tuggle wss one of the residents who Iclt home before flood waters seeped in it been for the National Guard I know how I would have gotten my belongings out of the house Those guard boys are really nice and you know they care to work when called" While members of the guard woxked to place a large bed several feet off the ground a side railing broke Mrs Tuggle showed a tired grin ami said Just one of those things that happen" Sore lea Before leaving her home she placed several valuable items in Mgh areas of her house can put things up high and think all right but when you return they are always wet" Another resident Up Hudson is also familiar with flooding season Hudson owns Raise basic monthly rates by amounts ranging from $115 in small exchanges to $218 in Louisville for private-line residential service- Raise rates for certain optional equipment such as touchtone phones and additional extensions South Central Bell also is seeking to charge for directory assistance for the first time in Kentucky 20 cents for each call after the third one each month and to raise its pay phone price from 10 to 20 cents A Little Cafs Face Morqueffe See Page E-l Vol 11 No 12 4 Experiences a house in Heidrick but rents a second house on higher land He lives in the house he rents trying to escape the yearly flood This year however both bouses were under water He says he sell the house 'he owns because no value to it no one wants it because of the Great grandmother had to haul the wash water from the well but she have to sit up nights figuring out how to meet the payments on the bucket If those requests are granted the company said it would reduce each customer's monthly telephone Mil by 30 cents for the directory assistance part and 20 cents for the pay-phone increase Those decreases which would be given as soon as the necessary equipment was installed would have the effect of reducing the total rate7 request by $59 million Most of that reduction $41 million would result from the directory assistance charge Sunshine Lexington Ky President Ford in January and with a reduction of $199 billion that was spproved by the House in late February Among the tax benefits affecting Individuals that the committee acted on yesterday were these: The 5 per cent tax credit on the purchase price of a house or apartment up to a maximum of $2000 which was approved by the committee Thursday was changed to make it apply to any purchase made beginning Sources dlose to the investigation said yesterday that Miss Hearst and her fugitive companions William and Emily Harris left the Las Vegas area more than three weeks ago An FBI informant sources said spotted the trio the company of another man in Palm Springs a short time later VAR' of 'the information been able to dsveion stake then point to the fact that they were heading back to the San Francisco according' to the source FBI Stakeouts As a result the FBI has conducted widespread stakeouts in the bay area with particular emphasis on the Berkeley and Oakland communities The investigation there has been intensified and a tight security lid has been placed on all federal agents involved in the case Evidence found in a Penn-aylvania farmhouse where Miss Hearst and the Harrises stayed last fall indicated they -went to Las Vegas in November or December of last year -Sources said the three apedt last summer in Las Vegas hidden by persons on the fringes of the radical underground The FBI has begun a check (See FBI Page A-8) Fast Spring Tradition Knox Woman Recalls Flood Reduce Plaza's Worries river to back up and spill into the low-lying area where the town is located She and five ether residents of Heidrick were taken to the basement of a nearby church Thursday where they spent the night with no heat or bedding Insulation But experience has taught Mrs Tuggle well Taking old cardboard boxes ripping them Into panels she placed them along the side of an outside wall to serve as insulation The two women slept in one room partitioned by a small thin sheet while the men slept in the adjoining room They spent part of the night telling tales of past floods and listening to a local radio station The National Guard stationed in Knox County was put on active duty Thursday afternoon and remained on duty until midnight last night providing evacuation 1 assistance 1 Guardsmen Homer Vanover Jr said people in the area expect when the larger Lexington facility is completed next year The Capital Plaza Authority is the body governing the plaza complex which includes a multi-story state office tower a small shopping center and the convention and sports center Hubbard outlined his concern about the impact of the Lexington civic center in' a letter to Finance and Ad- ministration Commissioner Wiliam Scent in which he requested the employment id the firm' "It is anticipated that when the new civic center is completed ih Lexington next he wrote Scent operation will have a substantial -adverse economic impiU on the sports center herd Available Options contract will permit the exploration til options available to us to continue maximum use of the Sport By RONALD KOZIOL Federal Bureau of In-veatigatlon agents have tracked fugitive newspaper heiress Patricia Hearst from Las Vegas to Palm Springs Calif then to the San Francisco bay area in a secret hunt that has spanned the last three weeks The Chicago Tribune has learned Center in spite of the apparent loss of some kinds of entertainment" Hubbard and other authority officials anticipate rodeos basketball games and other money-making one to two-night events will go to Lexington instead of coming here While reluctant to be quoted about it privately these officials note that at major events here 46 to 61 per cent of the cars bear Fayette County license plates Hubbard said to overcome the problem which the civic center in Lexington will create a is required He fold The Herald-Leader that Clayton-Davis-Williams and Associates those main offices he said are in St Louis Mo is firm specializing in of events mass brochure advertising and other services the center will need in an- (See CENTER Page B-4) -N know very few folks who want to pay higher taxes" Kenton remarked Stephenson said he thought' the question be the responsibility of the local legislative body" and Luckett said a referendum be an to direct city government action A second tax suggestion by Stephenson was that one cent rather than one-half -cent be returned to cities from the state gasoline tax 'There were several suggestions during the tour that cities be exempted entirely from payment of the state sales tax The automobile property tax drew criticism from Luckett who said that it results in many delinquent tax bills He suggested a con-(stitution amendment general property tax which if approved would be followed with legislation permitting local governments to recoup tost revenue through adoption (See TAXES Page B-4) Study To By RAT COHN FRANKFORT Ky A Frankfort public relations firm has wen awarded a $10800 state personal service contract to help the Capital Plaza Convention and Sports Center overcome the reduction in business it expects when the Lexington civic center is completed The six-month contract at a monthly rate id $1800 was awarded to Clayton-Davls-Williams and Associates Inc A Hubbard director of Capital Plaza Authority said he and other authority leaders are very concerned about the economic impact1 on the state-owned sports and convention center which they Gomel By BOB FAIN Pauline had no perils like those id parenthood Consider what Bob Cooper goes through Bob has three youngsters who attend St Paul School They all ride a city bus to school City buses means exact change One day each week is Hot Dog Day at the school Kids buying hot dogs must have 40 cents in exact change (Some days are Pizza Days meaning SO cents in exact change But not get into that) Another day is Milk Dsj the day when the By MALCOLM STALLONg HEIDRICK Ky the Lord gets ready to do something He usually does it in a Mg way and I guess this flood is a prime example" Mrs Eton Tuggle a native of this flooded Knox County town the Cumberland River yesterday sat inside the basement of a church and explained she'a had a lot of experience with floods For as long as she can 'remember she has left her home and belongings each spring because of high waters Mrs Tuggle was one of the some 200 persons who have been evacuated in Held rick between Thursday night and yesterday as rains caused the Break South Central Bell Asks Rate Hike Assistance Fee Taxes Chief Topic On Legislative Tour I By WILLIAM BRADFORD AmdiM PfBM FRANKFORT Ky Scuth Central Bell filed a request Friday to raise its telephone rates in Kentucky -by a total of $33 million a year'1 And included in the rate request was an additional request seeking to charge for directory assistance the first such request in Ken- tucky The request filed with the Public Service Commission came less than a month after the PSC granted the company $597 million of a $99 million increase it had requested then Paid McC and less the vice 1 president in charge of operations in Ken ulH ft nMdttl thii new tucky said a needed the new By ARDERT Talk id tax changes highlightedan interim legislative five-city tour through Lexington area counties yesterday Led by Chairman William Xenton D-Fayette the General Assembly Interim Committee on Cities met with local officials in Stimptag Ground Georgetown Winchester and Lexington hearing reports on municipal needs and responding to suggestions for statutory changes Repeal of the 1966 property tax rollback law was recommended in Lexington by James Luckett finance commissioner after Mayor Charles Stephenson id Winchester had made a similar suggestion' In both cases Kenton asked whether it would be advisable to have a local voters referendum on whether the rollback should be eliminated settle their accounts for their milk bill That also is exact change When the moon Is Just right all id these can happen on the same day When that happened recently Bob had to draw up a chart of who gets what He was stumbling around here the other day with Just such a chart It showed that on the morning in question Bob had to come up with two nickels five dimes and 13 quarters Metre Murder Can anyone know silly he felt At the bus stop Money changer on his belt Some sun some gloom That's the weather outlook for this Vreckcnd according -to a spokesman at the National Weather Service at Blue Grass Field A low pressure area that hu brought rain the past few days is being shoved aside by a high pressure ridge that is twinging cold weather but the rain will be back by Sunday High temperatures this weekend will be in the 40s Today will see partial clearing with precipitation maybe beginning as snow tonight and Sunday For full weather details see Page A-8 of Herald and Leader or call the llerald-Leadcr Wcatherline at raise because of higher costs it was facing in all areas including that of borrowing money The major rate changes would: Raise rates for long distance calls within Kentucky with the biggest increases being for calls requiring operator assistance Hustle is the trademark of University of Kentucky basketball player Larry Johnson and the sophomore from Morgan-Held had to kick up his heels to catch the charter plane yesterday morning which took the team to Tuscaloosa Ala and a first-round NCAA game with Marquette today Student trainer Phil Latham waits at the top of the ramp See Page B-l for tournament details (Staff Photo by Frank Anderson) if t'.

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About Lexington Herald-Leader Archive

Pages Available:
2,725,943
Years Available:
1888-2024