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Tax Credits

CALIFORNIA | LOCAL
May 20, 1998 | RICHARD WARCHOL
A new bill introduced by U.S. Rep. Elton Gallegly would give school teachers tax credits toward continuing education. The Simi Valley Republican said his Teacher Investment and Enhancement Act would offer up to a $4,000 annual tax credit to secondary school teachers looking to improve their knowledge in the subject they teach. "America has some of the best and most dedicated teachers," Gallegly said in a news release.
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NEWS
January 31, 2002 | VICKI KEMPER, TIMES STAFF WRITER
The Bush administration unveiled a plan Wednesday that relies largely on tax credits to help low-income Americans buy health insurance. The proposal set the stage for another partisan battle on Capitol Hill and renewed doubts that the growing number of Americans without health care would get any government help this year.
NEWS
November 16, 1985 | KAREN TUMULTY, Times Staff Writer
The House Ways and Means Committee, kicking off a three-day weekend of meetings on tax overhaul legislation, voted Friday to revamp many popular energy tax credits and to put new limits on tax credits for rehabilitating old buildings. The committee also voted to restrict insurance industry tax deductions but balked at President Reagan's proposal to tax the increasing value of whole life insurance policies.
BUSINESS
July 12, 1990 | CARLA LAZZARESCHI, TIMES STAFF WRITER
A high-level panel of business and government leaders will recommend today a package of aggressive tax credits to revitalize the nation's semiconductor equipment industry, seeking to alter the Bush Administration's continuing opposition to an industrial policy favoring the electronics industry.
CALIFORNIA | LOCAL
September 6, 1991
Mayor Tom Bradley on Thursday urged California's congressional delegation to support the extension of an annually funded federal low-income housing tax-credit program that has generated 3,000 affordable units in Los Angeles over the past five years. Congress has not indicated whether it will renew the 5-year-old program, which provides $300 million worth of tax credits each year to investors who purchase interests in housing for low-income tenants over a 10-year period.
CALIFORNIA | LOCAL
March 28, 1998 | Associated Press
A proposal that would grant generous Pennsylvania state income tax credits for donors to certain charities has heightened the debate over how government provides for those who cannot provide for themselves. Amid rollback of the nation's welfare system, help for the poor now comes from state government and the state's nearly 26,000 charitable organizations with priorities that do not always mesh.
NEWS
December 16, 1999 | AMY PYLE, TIMES STAFF WRITER
As an incentive for agreeing to work five years in low-performing schools, California teachers could receive a federal tax credit of $37,000 or more to help them buy homes under a proposal announced Wednesday by state Treasurer Phil Angelides. The goal, subject to approval in January by a state commission that Angelides heads, is to begin offering the incentives in June and continue for four years.
BUSINESS
November 1, 1988 | GREGORY CROUCH, Times Staff Writer
Beverly Hills venture capitalist Jack Salzberg had one objective when he was looking to invest in a company back in 1983. Buy the biggest loser he could find. Micro-Z Corp. in Monrovia was perfect. The company's computerized hotel reservations systems had never sold very well, and its losses piled up. In March, 1983, the company filed for Chapter 11 bankruptcy protection from creditors because its liabilities exceeded assets by $5 million.
NEWS
February 20, 1993 | ELIZABETH SHOGREN, TIMES STAFF WRITER
A little noticed feature of President Clinton's economic program would lift all working families with children above the poverty level for the first time in American history, Administration officials say. Some tax experts on Friday disputed the contention. But there is no doubt that the Clinton Administration's plan to expand the Earned Income Tax Credit would result in a big boost to the working poor.
NEWS
May 11, 1996 | ELIZABETH SHOGREN, TIMES STAFF WRITER
In an effort to encourage adoption, the House overwhelmingly passed a measure Friday that would provide a tax credit of up to $5,000 per child to offset adoption costs incurred by middle-income families. The measure, approved, 393 to 15, also forbids state and private agencies to delay placement of children with available families while attempts are made to find parents of the same race, color or national origin as the child.
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