THE BATTALION Page 9
FRIDAY, NOVEMBER 9, 1979
exas A&M
BENEFIT
HORSE SHOW: Saddle & Sirloin will sponsor a horse
show at 9 a.m. at the Equestrian Center on FM 2818. English and
ighnextwfrf Western riders will compete. The $3 entry fee will benefit the
^ Brazos Valley Rehabilitation Center.
C Recm'SURF CLUB: Will host a NSSA/Gulf contest with other universities
1 sRiskTojftnd high schools competing at 8 a.m. on the Freeport Pier,
the MSI hacquexball TOURNAMENT: The Racquetball Club will spon-
wood Stainsor a club Doubles Tournament at 6 p.m. in the DeWare Field
■ch of a lost* House.
yoLLEYBALL: The men’s team will host Rice, Southwest Texas, two
K University of Houston teams and three teams from the University
Ives arourni|L of Texas in an all-day volleyball tournament. The match begins at
tnam Warl :;8:30 a.m. upstairs in G. Rollie White.
udder h QUCKET CLUB: Will hold a practice session at 1:30 p.m. on the
■ Drill Field. Everyone interested is welcome to attend.
cnthusiastijjjjLLEL FOUNDATION: Will present “Issues 80: The Jewish Stu-
avan willlipj ent on Campus” from noon to 5:30 p.m. in Rudder Tower.
will spot
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be in the!
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601, Rudd
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12, O&M
ersity oflij
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DEADLINE: Last day to register for the MSC MBA/Law Day. Go to
'Room 221, MSC.
Sunday
T CASTLES”: Robbie Benson and Lynn-Holly Johnson star in this
[sentimental love story of a blind ice-skater destined to go to the
Olympics and her boyfriend who encourages her to fulfill her
jdream. Will be shown at 8 p.m. in Rudder Theater. Admission —
$1.25. (PC)
?0: Will be collecting canned goods, clothes and money at local
churches today. Goods will be given to the underpriviledged for
Thanksgiving.
[ORSEMEN’S ASSOCIATION: Will have the fall picnic at 2 p.m. in
Hensel Park.
OSLEM STUDENT’S ASSOCIATION: Will have a Koran study
Iclass at 10 a.m. in Room 404, Rudder Tower. Everyone is welcome.
vood stars!
ch of a lost
Admissioi
Ives around!
nam War,
ion — $1,
mey at Safa
the under)
ation will
to noon
help
Monday
0: Will be collecting canned goods, clothes and money through
Wednesday from 9 a.m. to 4 p.m. at the MSC. Goods will be given
to the underpriviledged for Thanksgiving.
E COMMUNITY SINGERS: Members and non-members are
urged to attend the second of five rehearsals for the Dec. 9 perform
ance of Handel’s “The Messiah” at 7:30 in the Brazos Center. All
interested singers are welcome.
liCTOWN HALL: Will have a full committee meeting at 7:30 p.m.
he Basement Coffeehouse.
haap^CPOLITICAL FORUM: Toby Moffett, U.S. Representative from
Connecticut, will discuss “America’s Energy Policy: A Liberal’s
dewpoint” at 8 p.m. in Room 701, Rudder. Admission — free.
vIERS. WEtf
,N EXCELLED
BUT WE SPE-
ng hard 10
SES, TAPEREC
= MS, WATCH
>T A FEW
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I
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Tin Barn Furniture
Unfinished
43” Pedestal Table
99" 49 00
Solid Wood .. x . . ^
Many drop-leaf tables ^' ,ni i h ® d l Chests
All Sizes - from 59.95 Wide Selection
Grand Opening Sale through Nov. 10
3218 Texas Ave. Between Wendy’s and
779-6573 Long John Silvers
law
:hodist
dity
egal
the msc camera committee's
FALL PHOTO
CONTEST
Tax laws offer savings
\
Homeowners and potential
homeowners may be losing money
by not taking advantage of new tax
laws, said Dr. Jack Friedman, head
of the research division of the Texas
Real Estate Research Center at
Texas A&M University.
“Although most people know in
terest payments and property taxes
are deductible from income taxes,
many are unaware of significant tax
changes enacted in the last few years
which can save the homeowner even
more money,” he said.
Friedman used the new $100,000
tax exemption for owners over 55
years of age as an example.
“Many build a substantial equity
in their home or homes over the
years. Congress has recognized this
situation and allows the individual to
keep the first $100,000 of gain from
the sale of one’s principal personal
residence by many individual 55
years old or older,” Friedman said.
“This is a once-in-a-lifetime break,
and the homeowner would be well
advised to seek competent tax coun
sel before taking the exemption.”
Another tax savings which people
do not usually consider is the roll
over provision.
“The roll-over provision of the tax
law states the individual can defer
taxation on the profit from the sale of
one’s principal personal residence if
the homeowner buys a more expen
sive home within 18 months. This
can be coupled with the $100,000
exemption to create a sizable estate
which can contribute to a comfort
able retirement lifestyle,” he said.
Another tax advantage of home
ownership allows the individual
buying water and sewage services
from the township or municipality to
deduct a portion of the monthly bill
from income tax. The courts have
ruled the portion of the bill which
represents assessment for mainte
nance, repairs or interest is deducti
ble. The municipality has the re
sponsibility of notifying customers
which portion of the bills are being
used for these items. This informa
tion is usually computed in early
January. Friedman suggested muni
cipal services users contact the bill
ing authority for information.
Another tax savings the homeow
ner might consider is reduction of
fuel costs through improvements.
The energy law allows tax credits for
money spent on insulation, storm
WRITERS
ARTISTS
PHOTOGRAPHERS
Moebius magazine is now accepting
poetry, prose, photo, and line art sub
missions in Room 216 in the MSC.
Provide a self-addressed stamped
envelope if you wish your work to be re
turned. Deadline — November 25!
A publication of MSC ARTS COMMITTEE.
TEXAS IIAIX
OF FAME
SATURDAY
NOVEMBER 10
DOTTSY
“TWO WAY STREET”
" 1. 41. Ill.
$4.00 pei* person
2818 AText to Central KVeight Lines
windows, caulking and other ener
gy-saving features.
The maximum amount the
homeowner may receive as a credit
for this type of improvement is $300
and the house must have been built
prior to April, 1977.
v..l
AIAA PRESENTS:
SPACE SHUTTLE
GET AWAY
SPECIAL COMPETITION
Speakers: Ernest R. Hillje, NASA JSC
Ralph Lawton, McDonnel Douglas
Will Discuss
The Space Shuttle Transportation
System and
Get Away Special Experiments
TUESDAY, NOV. 13, 7:30 PM
Room 203 ZACHRY
oeooeGoooosoooooooooooooooooeoC
m ?i\t :*C i:iv W : :\AT\.7y
ik/m- ••my ;
• V**. .2,; 5 ;
i Y
C Clips
Hair Design Studio
Introduces 2 new designers
Katheryn
Browder
and
Debby
Tindall
(formerly from The Shape of Things)
Call For An Appointment
4343 Carter Creek Pkwy. 846-4709
TUESDAY NIGHT AT TJ's
is TEQUILLA NIGHT
all Tequilla drinks — $1.00
starting at 8 p.m.
and
FASHION SHOW
Starting at 7 p.m.
Fashions by Carnaby Square
Come hear Branded
Band with
Feron Evans Sr Feggy King
707 Texas Ave. College Sta.
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T/tose AAeK of ddwmocker anil'Moore,
SopltfstwatefL, ^gares,
an Evmtfia to
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Suave, 'Thesent to If on
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tion
Judging will be
on
SAT., NOV. 10 in rooms
601 & 607 Rudder
from 8 A.M.-l P.M. and
2:30 P.M.-5:30 P.M.
(final judging)
PUBLIC IS INVITED
no admission
Experience
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