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SECTION 2-PAGE 2 - PLAINDEALER - FRIDAY. MARCH ». 1W4 -- ^^vQ6n6r&l News Property tax reduction allowed on state return 'Bus Stop' opens March 30 at Antioch Bus Stop, the popular William Inge comedy which helped propel Marilyn Monroe to film star status, will be presented by the P.M. & L. Theatre of Antioch for three consecutive weekends beginning Friday, March 30. Performance dates are March 30, 31, April 0, 7 & 8, and April 13 and 14. All shows begin at 8 p.m. with the exception of the April 8 matinee at 2:30 p.m. Hie P.M. & L. Theatre is located at 877 Main Street in downtown Antioch. For reservations and ticket in­ formation, call 395-3055. Volunteers sought for crusade r Les of Betsy Les of McHenry, the 1984 Crusade chairman for the McHenry County Unit of the American Cancer Society, is seeking volunteers to help in the Residential Crusade, to be held Sunday, April 1 through Saturday, April 7, in all com­ munities county-wide. Anyone interested in, volun­ teering is asked to call Mrs. Les at 385-6997. Illinois home owners are discovering a change on their 1983 state income tax return which allows them for the first time to deduct the property taxes (real estate taxes) paid during the tax year. Taxpayers eager to take advantage of this tax break have been asking the state revenue department a variety of questions, including "How much is deductible?" and "Who gets the deduction?" R. Dale Yung, chief of the Illinois Department of Revenue's Legal Service Bureau, explained that the property tax subtraction ex­ tends only to an "owner- occupied, primary residence." "Renters cannot claim a portion of their rent as property tax, nor can mobile home owners take a subtraction for the mobile home privilege tax," he said. According to Yung, the property taxes the home owner paid in 1983 are what can be deducted on line 4a of the 1983 Illinois income tax return (IL- 1040). Because those taxes relate to property assessments from the previous year (1982), the residency requirement also applies to that year, he said. Therefore, if the taxpayer lived in that residence during all of 1982, then the total property tax bill could be deducted on the 1983 income tax return. However, if the person lived in the residence only part of 1982, then only a prorated portion of the property tax bill could be deducted, he said. A taxpayer whose home is a single-family residence with no income-producing property may MrHcnn Availoble At B Mm mcnenr fm V Since 1875 Th« Following m,lam nearer Locations: •WHITE HEN •NORTHWEST •J A L GAS PANTRY TRAIN •ACE HARDWARE •BELL LIQUORS •ISLAND FOODS •LAKEVIEW •BOLGERS •CONVENIENT * FOODS . 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Highway, Barrington 381-1110 FOR ABOUT deduct the entire amount of property taxes paid during the income tax year, faichkHng tax paid on an additional tot - such as a side yard-^ja king aa the lot actually is maintained and used as part of the residential premises. But in the case of a farm, a structure partially used for business purposes, or multi- family dwelling, then only the portion of the property tax at­ tributable to the living area occupied by the taxpayer can be subtracted, Yung said. A farmer, for example, is entitled to deduct only the amount of property tax related to the principal residence, not the income-producing farmland. The farmer's deduction should be fairly easy to compute, Yung said, since Illinois farmland assessment procedures require tht the assessment on the residence be stated separately on the property tax bill from that for farmland. A taxpayer who operates a business from his or her home can calculate the deduction by subtracting from the property tax bill the amount which could have been claimed as a federal business expense deduction on U.S schedules, C, E, F or other federal schedules or forms. A worksheet for this purpose is on the reverse side of the state income tax return. The owner of a multi-family dwelling who lives in one unit must determine the portion of the total tax bill which is due only to the portion in which the taxpayer lives, Yung said. The subtraction is calculated similarly to that for a taxpayer who operates a business at home. In the case of a couple whch is separated, but one spouse is paying the property taxes on the other's principal residence, the taxpaying spouse could not claim the state income tax subtraction unless he or she actually lived in the home during the assessment year (1982 for 1983 tax purposes). If the taxpayer lived in the residence for a portion of the year, a prorated deduction could be claimed, Yung explained. By state statue, the only one entitled to the deduction is the individual upon whom the property tax actually was im­ posed. This means that if a relative pays the property tax for the home owner, the relative is not entitled to the deduction even though he or she may be living in the residence. v The Illinois Department of Revenue currently is not requiring taxpayers to include a copy of their property tax bill with the state income tax return. However, taxpayers should retain the property tax bill, because the department will be selecting some returns for vertification of the deductions claimed. . Taxpayers who have ad­ ditional questions can call the Department of Revenue Tax­ payer Information offices at (217) 782-3336 or (312) 641-2150 weekdays from 8 a.m. to 4:30 p.m. ORLESS PUTS YOU M ONE OF THESE NEW FORDS TODAY! About $333, cash or trade and you're driving an all new Ford Tempo. Your Ford Dealer can arrange a Red Carpet Lease through Ford Motor Credit for qualified lessees and the following conditions apply to all the Fords shown below. Payments based on 48 months. Over 60,000 miles, add 6C per mile penalty. ESCORT $29095 TOTAL CASH DUE AT LEASE INCEPTION $14095 PER MONTH Includes refundable security deposit of $150.00 and first month's lease payment of $140.95* Total amount of payments $6,765.60. Front-wheel-drive, independent rear suspension, MacPherson strut front suspen­ sion, fully reclining front bucket seats. Includes applicable use tax. TEMPO s33310 TOTAL CASH DUE AT LEASE INCEPTION $15810 PER MONTH Includes refundable security deposit of $175.00 and first month's lease payment of $158.10* Total amount of payments $7,588.80. Ford's front-wheel-drive five-passenger sport sedan, powered by a 2300 CC high swirl combustion, four-cylinder engine with four-speed, manual overdrive transaxle. Includes applicable use tax.. Service news CORSAUT Marine Lance Cpl. Scott A. Corsaut, son of LuAnn Beager of 7705 Beach Drive, Wonder Lake, has received a Letter of Ap­ preciation. He received the letter for superior performance of duty while serving with 1st Force Service Support Group, Camp Pendleton, Calif. A Letter of Appreciation is official recognition of an in­ dividual's outstanding ac- complishmments and is presented during formal ceremonies. PAYONK Airman Thommas R. Payonk, son of Richard A. Payonk of 5211 N. Pistakee Drive, McHenry, and Gayle A. Payonk of 2323 Arrow Street, Carpentersville, has been assigned to Sheppard Air Force Base, Texas, after completing Air Force basic training. RANGER $32942 TOTAL CASH DUE AT LEASE INCEPTION $15442 PER MONTH Includes refundable security deposit of $175.00 and first month's lease payment of $154.42* Total amount of payments $7,412.16. Special value package includes power brakes, deluxe wheel trim, color-keyed interior and much more. Built "Ford Tough" with solid ladder-type frame, double wall construction and Twin-I-Beam suspension. Includes applicable use tax. FOR ABOUT <479 YOU CAN DRIVE ATHUNDERBIRD FOR $229.06* PER MONTH! $479.06 total cash due at lease inception. Includes re­ fundable security deposit of $250.00 and first month's lease payment of $229.06* Total amount of payments $10,994.88. Aerodynamic shape makes the way it looks, improves the way it drives. Includes air conditioning, tinted glass, wide body side moldings and more. Automatic transmission standard. Includes applicable use tax. Northern Pike Northerns available for stocking this spring: Three size categories, 10-16", 16-24" and 24" and greater. Orders must be placed before March 12. Also have walleye and muskie fry. Call 312-223-4736 After 6 p.m. Ford Credit has made incentives available through dealers on Tempo and Thunderbird which may result in a lower monthly lease payment THE TERMS: Lessee may have the option to purchase the car at lease-end at a price to be negotiated with the Dealer at lease inception. However, lessee has no obligation to purchase the car at lease-end. Lessee is responsible for excess wear and tear. Refundable security deposit and first month's lease payment due in advance. Lease subject to credit approval and insurability as determined by Ford Motor Credit. 'Price based on manufacturer's suggested retail price including title taxes, license lee and destination charges ' BUY OR LEASE SEE YOUR CHICAGOLAND FORD DEALER NOW Ford Motor Credit Company <223> i?